MOFSL said AI services demand could begin to improve from mid-2026 as hardware-led AI capex intensity moderates. The March-April 2026 budget reset period may serve as an initial indicators, it said.
Shares of HCL Tech and Wipro have fallen 12–13 per cent so far in 2025, which is relatively better than the 14.25 per cent decline in the BSE IT index over the same period.
LTTS climbed 4 per cent to hit a high of Rs 4,687.05. Coforge Ltd, Mphasis and Persistent Systems Ltd, HCL Technologies and TCS added 2 per cent each. Wipro and Infosys rose 1 per cent each. Cyient was flat.
Nomura's preferred picks were Infosys and Cognizant (unlisted) among large caps, Coforge among mid-caps and eClerx among small caps. The brokerage retained its contrarian Buy on Wipro.
According to the filing, the engagement marks a major shift in Odido’s technology strategy, with Wipro set to deploy its AI-led platforms and consulting capabilities to modernise digital and enterprise systems.
The IT stock ended 1.77% higher at Rs 250.15 on Wednesday against the previous close of Rs 245.80. Market cap of the firm stood at Rs 2.62 lakh crore.
The partnership leverages Wipro Intelligence WINGS, the company’s proprietary AI platform, and marks a key milestone in HanesBrands’ strategic IT 2.0 transformation initiative.
Wipro stock slipped 4.62% to Rs 242 on NSE in the current session. Market cap of the IT firm stood at Rs 2.54 lakh crore.
Wipro share price targets: MOFSL suggested a 'Sell' rating and a target price of Rs 200 on Wipro. Foreign brokerage Nomura retained its 'Buy' and a target of Rs 280 on the stock.
The earnings were announced after market hours. Wipro stock ended 1.42% higher at Rs 253.75 today against the previous close of Rs 250.20.
The week's financial reporting will crescendo on Friday, October 17, with conglomerate Reliance Industries Limited headlining the day.





