Shares of Wipro Ltd., one of India’s top-tier IT service providers, tumbled over 4% after the company issued a subdued revenue outlook for the first quarter of FY26. Despite reporting a 25.9% year-on-year increase in consolidated net profit to Rs. 3,569.6 crore for the March quarter, investor sentiment soured as the company projected a sequential decline of up to 3.5% in IT services revenue. The announcement, compounded by geopolitical instability and macroeconomic uncertainty, triggered a market valuation erosion of over Rs. 11,000 crore.