• WIT is down 4.4% at $2.19 as analysts downgrade the stock.
  • JP Morgan maintained an "Underweight" rating and lowered its price target to $1.70.
  • Axis Capital downgraded Wipro to "Reduce" with a price target of INR160.00.
  • The move also aligns with broader market volatility, particularly in the tech sector, which has seen a widespread pullback.