Wipro Acquires HARMAN DTS Unit for $375 mn, Analysts Weigh in on Impact

Wipro shares fluctuated on a $375 mn HARMAN DTS acquisition deal. Analysts expect the acquisition to increase Wipro's footprint in existing large accounts, add 280 basis points to revenues in FY27F, and negatively impact Earnings before interest and tax (Ebit) margin by 50 bps in FY27F. Nomura has maintained a 'Buy' rating with a target of ₹310 per share, while Emkay Global Financial Services has retained 'Reduce' on Wipro with a target of ₹280 per share.