Wipro's shares fell 3.6% to an intra-day low of ₹202.6 following the release of its Q4 FY26 results, which showed a 1.9% year-on-year decline in net profit to ₹3,502 crore. Revenue for the quarter increased by 7.7% year-on-year to ₹24,236 crore, but the company provided a bleak outlook for Q1 FY27, forecasting a potential revenue decline of up to 2%. The IT services firm approved a buyback of up to 60 million shares at ₹250 each, totaling an amount not exceeding ₹15,000 crore. Analysts have mixed opinions; Nomura raised its target price to ₹250, citing a strong EBIT margin of 17.3%, while Emkay Global downgraded its outlook, citing delayed ramp-ups in key projects and continued softness in certain sectors. The overall sentiment reflects concerns over Wipro's growth trajectory amid competitive pressures and operational challenges.