Brokerages cut Wipro price target as topline disappoints

INSUBCONTINENT EXCLUSIVE:
Shares of Wipro gained 3.6 per cent to Rs 269.15 on Thursday after the company posted a 12.5 per cent increase in consolidated net profit
for the June quarter
topline where it reported a QoQ decline of 1.2 per cent (constant currency) vs expectation of flat revenue
weaker IT services revenue and EBIT
Stanley