Wipro sinks over 8% as weak Q4 guidance spooks investors

Wipro shares plummeted over 8% on Monday following a disappointing fourth-quarter growth outlook provided by the IT services firm. The company reported revenue of ₹23,556 crore for the quarter ended December 31, with modest sequential and year-on-year increases. Analysts expressed concern over the management’s guidance, leading to a significant drop in the stock price.