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Why Wipro Is Falling
Wipro has been facing a lot of challenges lately. The fall in Wipro’s share price is attributed to the ongoing Russia-Ukraine war, the economic slowdown, and the Covid-19 lockdowns across the globe. Wipro has seen a drop of 40% in its share price from Jan 2022 and is currently trading close to its 52-week low. Wipro has been losing its margins since the last four quarters, and its net profit dropped by 21% YoY in Q1FY23.
Geopolitical risks are one of the prime reasons for the fall in Wipro’s share price. Wipro earns about 90% of its revenue from the US and Europe. Any political or economic risks in these regions will impact the company’s business.
The reason for fall in the stock price of Wipro is a short-term factor as the current management of the company is concentrating primarily on growth-organic as well as inorganic. This acquisition of Capco also portrays aggressiveness of the firm’s inclination towards growth.
Analysts have attributed the fall in IT stocks especially Wipro to the ongoing Russia-Ukraine war, the economic slowdown and the Covid-19 lockdowns across the globe, which impacted the international business of Indian IT firms during this period.
Here are some websites that discuss Why Wipro Is Falling:
1. [Business Today](https://www.businesstoday.in/markets/company-stock/story/wipro-stock-falls-double-target-price-tcs-infosys-returns-356905-2022-12-19)
4. [Business Today](https://www.businesstoday.in/markets/stocks/story/wipro-stock-falls-target-price-q2-earnings-tcs-infosys-355776-2022-12-09)