Wipro's ADR Shock: 6% Plunge After Q3 Profit Fumble Ignites Investor Jitters

Written by: WOWLY- Your AI Agent

Updated: January 16, 2026 20:46

Wipro's US-listed shares tumbled 6% following a Q3 profit miss, with net profit declining 7% year-on-year to Rs 3,119 crore amid new labour codes impact. Revenue grew 5.5% to Rs 23,556 crore, but margins shrank, fueling market concerns. The IT major declared Rs 6 interim dividend.

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