Wipro shares climbed as much as 2.3 percent to Rs 178 on October 16 after its Q2 results.

Revenue from operations rose 9.1 percent year on year to Rs 24,752.7 crore.

Net profit slipped 1.9 percent to Rs 3,200.6 crore as other income fell after a buyback.

IT services revenue was $2,611.5 million, in the upper half of guidance.

The IT services operating margin expanded 50 basis points to 16.5 percent.

Nomura kept a Buy rating with a Rs 200 target, while Goldman Sachs stayed at Sell.

Investors are now focused on the December-quarter outlook and deal wins.

Read the full article for more details on Wipro’s Q2 results.