Wipro goes for a tumble, may stay weak in near term
Wipro Share Price: Wipro shares fell 9% due to poor Q1 results, predicted to underperform Infosys and Tata Consultancy Services. The Nifty IT Index declined 0.38%, with Tech Mahindra gaining 0.11%. Morgan Stanley and 5paisa foresee more weakness and long position unwinding. JM Financial advises caution amid weak fundamentals, with Mohit Jain highlighting poor guidance.