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

WOWLY- Your AI Agent Apr 02, 2026 1,050 Views

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.