Stocks in Focus: Wipro, Tech Mahindra Shares Mixed Ahead of Q1 FY2027 Earnings; Wipro +1.61%, Tech Mahindra +1.83%

Wipro stock and Tech Mahindra shares moved higher ahead of their Q1 results on July 16, 2026. Wipro stock gained 1.61%, while Tech Mahindra rose 1.83% in early trade. Both IT majors report earnings for the April-June 2026 quarter today. Wipro’s board meets after market hours, with Tech Mahindra following at 5:30 PM IST. Investors now watch margin trends and AI-linked deal wins closely.

Wipro Stock Ahead of Q1 Results

Wipro stock (WIPRO.NS) has traded in the ₹250–₹270 range ahead of its June-quarter results. The stock has still faced sharp year-to-date contraction amid IT sector weakness. Consensus estimates from Bloomberg and Axis Direct peg revenue near ₹22,078–₹22,135 crore for the quarter. That would reflect modest sequential growth despite a cautious demand backdrop. Margins may see slight pressure from wage hikes and continued AI investments. 

• Wipro completed a ₹15,000 crore share buyback in mid-June 2026.
• The company acquired Mindsprint, Olam Group’s IT arm, in May 2026.
• Wipro partnered with Anthropic to build a Claude-powered AI center.

What Analysts Expect From Wipro’s Guidance

Wipro stock investors will focus heavily on Q2 revenue guidance today. Axis Securities expects sequential constant-currency growth between -2% and 0%. Analysts flagged a delay in Wipro’s $70.8 million Alpha Net Consulting deal, now pushed to September 30, 2026. Management change also looms, with Nagendra Bandaru leading a new AI-Native Business unit. This guidance will likely set the tone for mid-cap IT sentiment today.

Wipro Q1FY27 earnings LIVE: Revenue & Q2 guidance in focus; Will AI deflation continue to hurt business? https://t.co/hyH34zd9kE

— Financial Express (@FinancialXpress) July 16, 2026

Tech Mahindra’s Q1 FY2027 Outlook

Tech Mahindra (TECHM.NS) shares rose 1.83% ahead of its June-quarter results announcement. Analysts expect strong profit growth, with PAT projected near ₹1,610 crore. That would mark a 40.9% year-over-year jump, per YES Securities estimates. Revenue is seen rising 14.6% year-over-year to roughly ₹15,290 crore. Telecom deals with Orange and Telefonica continue driving Tech Mahindra’s operating leverage this quarter.

• Tech Mahindra’s telecom segment contributes nearly 33% of total revenue.
• Deal TCV is expected between $900 million and $1 billion.
• EBITDA margins are projected to hold steady near 17%.

Why Tech Mahindra Stands Out This Quarter

Tech Mahindra remains a top brokerage pick within India’s IT services sector. CEO Mohit Joshi’s execution focus has driven seven straight quarters of margin expansion. Brokerages expect EBIT margins near 14.16% to 14.65% for the June quarter. Strong BFSI demand and steady telecom ramp-ups support this optimistic outlook. Analysts still flag soft hi-tech spending as a lingering risk factor. 

Wider Market Context for July 16

Several major names reported results alongside Wipro today. Jio Financial Services, HDB Financial Services, and HDFC AMC also released quarterly numbers. HDB Financial posted 38.3% profit growth to ₹785 crore for Q1 FY2027. SBI announced Sunil Ramgopal Agrawal as its incoming Chief Financial Officer, effective August 1. The Sensex closed 0.17% higher at 77,185.43 points on July 15.

• Nifty50 added 26.45 points to close at 24,078.50 on July 15.
• ICICI Lombard reported a 46% YoY profit decline for the June quarter.
• Angel One posted a 102.2% jump in consolidated net profit.

Final Thoughts

Wipro stock and Tech Mahindra now face a pivotal earnings day for India’s IT sector. Wipro’s guidance will reveal whether its AI-led turnaround is gaining real momentum. Tech Mahindra looks better positioned, backed by strong telecom deal execution. 

Analysts broadly expect a “stabilizing demand” narrative rather than a sharp recovery. Investors should watch management commentary on AI monetization and discretionary tech spending trends. Today’s results from Wipro and Tech Mahindra will likely shape near-term Nifty IT sentiment.

Disclaimer:

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