Sell Wipro Ltd For Target Rs. 240 by Motilal Oswal Financial Services Ltd
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* WPRO is likely to report flat revenue in 4Q (midpoint of its 4Q guidance) as softness may persist in Energy, Manufacturing and Resources, along with Europe and APMEA regions.
* BFSI may perform better sequentially due to uptick in budgets and Capco business. Healthcare will also grow, but slower than in past.
* For 4QFY25, margins are expected to remain in a narrow band, with no significant headwinds anticipated. Wage hikes are behind and fully absorbed in 3Q.
* Key monitorable: Commentary on recovery in Europe region also Energy, Manufacturing and resources verticals.
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