Accumulate Wipro; target of Rs 680: Prabhudas Lilladher

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26 Aug, 2025 12:21

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Prabhudas Lilladher research report on WiproWipro Q2FY16 results were largely in‐line with expectation. Constant currency revenue was marginally ahead of our estimates. Revenue growth (CC) is well rounded with all verticals growing 3%+ QoQ barring energy. Q3FY16 guidance at 0.5‐ 2.5% QoQ growth is largely in‐line given the seasonal weakness. Management is hopeful of better revenue growth in 2HFY16 as compared to 1H. We retain our “Accumulate” rating. Wipro had broad based growth across verticals (CC term) with telecom growth at 4.4% QoQ, healthcare (4.2%), manufacturing (3.6%), retail (3.5%) and BFSI (3.1%). Company had 7 digital led deal wins in the quarter and had better order bookings in Q2FY16. Company is confident of improving margins driven by automation and efficiency benefits.Retain ‘Accumulate’, with TP of Rs680 based on 16x Sep‐17 EPS.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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