WIWipro507685IT services

Wipro stock rallied about 8.8% intraday (trading up 5.5%) on strong Q2 results with flat constant currency growth, steady guidance and margin improvement

By ScoutQuest · Fri 16 Oct 2026, 12:11 PM IST · 1 min read

Stock rally intraday

8.8 percent

Stock up currently

5.5 percent

H2 guidance range

-1.5 to +0.5 percent

Bookings decline

30 odd percent

Large deal decline

59 odd percent

Heard on business television between 12:11:45 - 12:14:45 IST.

• Wipro stock rallied as much as 8.8% intraday, trading up about 5.5%, on Q2 results.
• Constant currency growth came in flat QoQ, better than expected degrowth, seen as a key positive.
• Management maintained its H2 guidance of -1.5% to +0.5%, despite usual weaker H2 due to furloughs and holidays.
• Overall bookings fell about 30%, large deals slipped roughly 59% due to client-side paper clarification issues rather than demand weakness, expected to resolve from Q3.
• Margins rose nearly 46 basis points in line with expectations, with no negative surprise.
• CEO Srini Pallia said inorganic strategy must align with a consulting-led, AI-powered approach and focus on prioritized sectors and markets.

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