ICICI Securities ne Wipro par apna 'Reduce' rating maintain rakha hai aur target price **₹154** set kiya hai. Company ki weak revenue growth aur naye deal bookings mein **38%** ki girawat investors ke liye badi tension bani hui hai.
IT sector mein wipro ki mushkilein khatam nahi ho rahi!
ICICI Securities ne Wipro par apna outlook kaafi negative rakha hai. Brokerage ne stock par 'Reduce' rating maintain rakhi hai aur ₹154 ka target price diya hai. Simple words mein kahein toh brokerage ko lagta hai ki ye stock market ke baaki peers ke comparison mein underperform kar sakta hai.
Deal bookings mein badi gawat
Is cautious stance ke peeche ka sabse bada reason hai company ka recent performance. FY27 ke Q3 mein revenue growth guidance sirf -1.5% se +0.5% ke beech di gayi hai. Saath hi, pichle saal ke muqable naye deal bookings mein 38% ki bhaari girawat dekhne ko mili hai. IT companies ke liye 'New Deal Bookings' bloodline hoti hain, aur yahan number kam hone ka matlab hai ki naya kaam aane mein dikkat ho rahi hai.
Management vs Analysts
Management ka kehna hai ki Q4 mein recovery dikh sakti hai kyunki purane delayed deals ab start honge. Lekin, ICICI Securities ke analysts is par zyada bharosa nahi kar rahe. Unka manna hai ki sirf delayed deals ke bharose growth nahi aayegi, uske liye alag-alag sectors mein demand badhna zaroori hai.
Brokerage ne apna valuation model update karte hue 11x ka Price-to-Earnings multiple use kiya hai, jisme Earnings Per Share (EPS) ko ₹14 estimate kiya gaya hai. Ab sabki nazar isi baat par hai ki kya company apne pipeline ko actual revenue mein convert kar paati hai ya nahi.