Wipro slides 23% in 3 months, turns Nifty's worst performer. Can buyback, Q4 nos. reverse trend?

The IT sector is currently grappling with weak growth guidance and the disruptive potential of AI, leading to mixed earnings trends. Investors are closely watching Q4 results from major players like TCS and Wipro for signs of stabilization or further headwinds.

Maintain a cautious to bearish bias on the IT sector, focusing on companies with strong deal wins and clear AI adoption strategies; consider shorting underperformers or buying on dips only after clear positive catalysts.

For Indian markets, this story mainly matters for WIPRO, TCS, INFY and the Information Technology pocket. The current signal is bearish, so traders should look for follow-through in price, volume, and sector breadth instead of reacting to the headline alone.

Watch whether the next market session confirms the setup described here: Stock has plummeted 23% in three months, becoming Nifty's worst performer due to weak Q3 results and AI concerns. As a major IT peer, TCS's upcoming Q4 results and AI updates will provide sector-wide context and could influence sentiment for Wipro. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Wipro shares have plummeted 23% in three months, making it the Nifty's worst performer.
• •The decline is attributed to weak Q3 results and sector-wide AI concerns.
• •Analysts remain cautious due to weak growth guidance and integration pressures.
• •Upcoming Q4 results and a potential share buyback are key triggers for the stock.
• •Risk flag: Continued weak global IT spending