Wipro is trading up 4.45% at $1.89 on October 15, 2026. The positive movement is a direct catalyst identified from its Q2 FY27 results released today. - Despite a 1.9% year-over-year decline in consolidated net profit, the company reported higher-than-expected Q2 FY27 revenue and a sequential expansion in IT services operating margin to 16.5%. - Key drivers included a revival in spending from European clients and new revenue streams from artificial intelligence. - This positive performance comes as broader technology shares faced pressure amid hotter U.S. inflation and rate concerns.