Wipro share price gains ahead of Q1 results 2026. Should you buy the IT stock?

Wipro share price gained up to 1.51% on NSE ahead of its Q1 FY27 results, opening at Rs 175.60 and touching an intraday high of Rs 177.42. Brokerages expect muted June quarter performance with revenue growth of around 1% QoQ and an EBIT margin decline of 84 bps QoQ due to wage hikes and higher AI investments. Analysts caution that demand remains soft across BFSI, Technology and Communications verticals, and advise investors to wait for post-results management commentary and FY27 guidance before taking aggressive positions.