Citi has reiterated its SELL rating on Wipro , maintaining a target price of ₹220 per share. This recommendation reflects the global brokerage firm's cautious outlook on the IT services major's stock performance.

Analyst Recommendation Details

The brokerage firm's decision to maintain its SELL rating suggests continued concerns about the company's near-term prospects. The target price of ₹220 indicates Citi's assessment of the stock's fair value based on their analysis.

Market Implications

The maintained SELL rating from Citi represents a bearish view on Wipro's stock trajectory. Such recommendations typically influence investor sentiment and can impact trading decisions in the IT services sector.

Brokerage recommendations like this SELL rating serve as important inputs for investors evaluating their portfolio positions in large-cap IT stocks. The ₹220 target price provides a specific benchmark for assessing the stock's potential movement.

Wipro Limited , a leading global information technology company, has announced the completion of a strategic merger within its corporate structure. The company's wholly-owned subsidiary, Wipro Digital Inc., has been merged with its step-down subsidiary, Harman Connected Services Inc. This corporate action, effective from December 1, 2025, aims to rationalize and consolidate Wipro's group structure.

Merger Details

The merger involves two key entities within the Wipro group:

Strategic Implications

This merger is part of Wipro's ongoing efforts to optimize its corporate structure. By consolidating these subsidiaries, Wipro aims to:

1. Streamline operations
2. Enhance operational efficiency
3. Potentially reduce administrative overhead

Regulatory Compliance

Wipro has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details as required under the relevant SEBI circulars.

Market Impact

While the immediate market impact of this merger may be limited, it demonstrates Wipro's commitment to organizational efficiency. Investors and stakeholders may view this as a positive step towards a more streamlined corporate structure, which could potentially lead to improved operational performance in the long run.

As this is an internal restructuring, there are no changes to Wipro's overall business offerings or market position. The company continues to be a major player in the global IT services industry, offering a wide range of technology solutions and services.