Wipro shares fell more than 1% on September 7. Goldman Sachs maintained its Sell rating on the stock with a price target of ₹172.
The investment bank cited a subdued near-term growth outlook and ongoing client-specific challenges. While the overall demand environment remains stable, discretionary spending from clients is muted.
Wipro also appointed former Accenture executive Anil Jain as Managing Partner of its India Consulting Hub. This hire supports the company's strategy to enhance consulting-led and AI-powered services.