Wipro

BFSI demand and rising AI revenue helped Indian IT firms withstand weak growth in Q2FY27, with Tech Mahindra standing out, although analysts caution that a broader recovery remains elusive

At 10:12 AM on Friday, the Nifty IT index was the top sectoral gainer, up 2.8%. Tech Mahindra, Wipro, Infosys and TCS surged up to 7% amid Q2 earnings cheer.

Wipro's net profit fell 1.4 per cent year-on-year to ₹3,201 crore in the second quarter of financial year 2027.

IT services revenue, the main metric, for the quarter ended September 30 was up by just 0.3 per cent from the year-ago period

Q2FY27 results today: Jio Financial, Wipro, Nestle India, HDFC AMC, HDFC Life, and Indian Bank, and 43 other firms will announce their earnings for the second quarter of financial year 2026-27

Overall, analysts expect Wipro to post nearly 8 per cent year-on-year (YoY) rise in revenue during the quarter under review, along with single-digit growth in earnings before interest and taxes.

Trump administration halts green card processing for select tech firms: Impact on Indians decoded

Macquarie recently initiated coverage on BSE shares with an 'outperform' tag. BSE ranks above NSE in the global brokerage's pecking order for capital market stocks.

The Nifty IT index has underperformed in September, falling over 11%, as against a 6% decline in the Nifty 50.

ACC, Ambuja Cements, India Cements, Bank of Baroda, CESC, Britannia, Crompton Greaves Consumer, Havells, REC, PFC and UPL among others from the Nifty 500 index also touched 52-week lows on Monday.

18 of the 50 Nifty stocks are trading more than 20 per cent below their respective 52-week highs, with a market cap erosion of ₹31.35 lakh crore in the same period.

Wipro has reportedly delayed permanent onboarding for at least 400 WILP trainees, some of whom may now spend more than five years in the programme before becoming full-time staff

The comments ​come as India's $315 billion software services industry grapples with adoption of AI, which is ‌reshaping hiring, software development and contracts

OMC stocks representing the state-run Oil Marketing Companies, including BPCL, HPCL, and IOCL, will also remain in focus on Wednesday after Brent crude prices spiked to $96/barrel

Wipro CTO Sandhya Arun says scale, advantage, trust and adoption need to align for enterprises to derive meaningful value from artificial intelligence

So far this month, the IT index remains unchanged. In July, it recorded its best gain in six months following a 17 per cent rise.

Stocks to watch today: IT services major HCLTech said it had collaborated with chemicals and biotechnology company Wacker Chemie to set up its global capability centre (GCC) in Pune.

Wipro has added an AI agent to its skilling platform for over 240,000 associates, with personalised course recommendations based on roles, skills and past learning

To acquire the remaining 40% stake over the next three years

Large contracts are supporting deal values at Indian IT firms, but weaker discretionary spending and AI-led pricing pressure are squeezing the flow of smaller projects