Wipro Share Price Drops 4% After Q2 Results; Jefferies Flags ‘Unattractive’ Risk-Reward Ratio
Shares of Wipro fell sharply, by about 4.4%, after its Q2 results failed to impress the market. The drop reflects deep concerns about growth, margins, and guidance. To make things tougher, Jefferies called the stock’s risk-reward ratio “unattractive. We see that investors are not just reacting to one quarter’s numbers. They are asking whether Wipro…