– Wipro shares fell 8 percent after weak Q1 FY25 performance
– Revenue declined by 1 percent quarter-on-quarter
– Guidance for Q2 FY25 fell below expectations
– Brokerages have varying recommendations on Wipro stock
– Early recovery in discretionary demand could boost future performance
– Wipro has a long way to reach industry average growth
– Brokerage Nuvama maintains ‘Hold’ rating with increased target price to Rs 530