Stock Track | Wipro Limited Plunges 9.09% in 24h After Morgan Stanley Downgrade

Stock Track01-20

Wipro Limited (WIT) saw its shares plummet 9.09% over the past 24 hours, reflecting significant bearish sentiment during the trading session.

The sharp decline followed Morgan Stanley's decision to downgrade Wipro from Equal Weight to Underweight, citing a weaker Q4 outlook. The firm also slashed its price target for the stock to INR 242 from INR 270, further dampening investor confidence.

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