Wipro stock up 4% after Q2 revenue beat offsets concerns over weak deal wins

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The stock was trading at ‌₹180.76, its highest since September 1, and was set for its fourth ‌straight session of gains.

By Reuters

Updated - October 17, 2026 at 01:14 AM.

Wipro shares have shed nearly ‌32% so far this year, compared with a 17% drop in the IT index. | Photo Credit: REUTERS/PRIYANSHU SINGH

Wipro shares rose nearly 4% on ​Friday after the IT firm's second-quarter revenue beat estimates ‌and the company signaled that delayed ​large deals could support growth in coming ⁠quarters, outweighing concerns over weak deal bookings and a subdued near-term outlook.

The stock was trading at ‌₹180.76, its highest since September 1, and was set for its fourth ‌straight session of gains.

Wipro said its second-quarter ‌revenue ⁠rose to ₹24,753 crore, above ⁠analysts' expectations of ₹24,627 crore.

The Bengaluru-headquartered company forecast third-quarter revenue growth of between a 1.5% decline and a ​0.5% rise in constant ‌currency terms and reported a 45% drop in total bookings to $2.6 billion from a year earlier.

The results add to signs of a ‌gradual stabilisation in India's $315 billion IT services ​sector after a prolonged slowdown in client spending. Shares of larger peers ⁠Tata Consultancy Services and HCLTech also rose strongly after their results, as investors warmed to signs of recovering ‌demand and AI-related spending.

Dolat Capital said the quarter reflected stable ‌revenue performance and improving profitability, adding that better deal conversions could ​lift growth in the second half of the fiscal year.

Emkay Global said ⁠a robust pipeline and the expected closure of delayed ⁠deals could support stronger revenue momentum in subsequent quarters.

Wipro shares have shed nearly ‌32% so far this year, compared with a 17% drop in the IT index.

Published on October 16, 2026

Companies to follow

• Wipro Ltd

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