The performance of Wipro’s lower income growth than expected for the quarter ended December was categorized as “little hiccup” by analysts and not as a sign that will come in the trajectory of the growth of the main income of information technology.

Bengaluru-based companies reported 3 percent sequential growth in revenue for the quarter ended in December in the term constant currency of post-market hours on Wednesday. Wipro also guides 2-4 percent sequential growth in sales for the end of March, which is in line with analyst expectations.

“While we are impressed with the progress of growth priorities, it is more than adequate prices in the current assessment. Assessment does not offer safety margins, needed in turnaround stories,” said company broker box box in the note.

Morgan Stanley’s brokerage company believes that disappointment in the growth fronts in dealing with high industrial expectations can lead to sharp selling in the front stock and expect that to increase discounts of shares’ assessments such as infosts and TC.

Reacting to income disappointment, the company’s shares fell by almost 5 percent to RS 658.40 on the national stock exchange.

Wipro 26.5 times one year in the future Price-to-Earnings Multiple at this time is a 18 percent discount with TCS and 15 percent with infosts.

Most analysts agreed that the company’s strong comments suggested that growth will increase in the coming quarter, considering a strong demand environment for IT services throughout the world. “Wipro has delivered a quarter in a row from a strong performance, both on income and margin. Order orders have been strong too,” said Chief Executive Officer Thierry Delaporte in meeting post-income press.

That said, the Financial Brokerage Company Oswal Motilal believes that considering the strong performance of the company in the previous quarter and positive comments from management, the March quarter growth guide is “underwhelming” and “will act as a short-term stock price barrier.”

Although there is no rating rating for the company after a lower performance of estimates, the broker cuts their income estimates for 2021-22 to 2023-24 by 1-2 percent, which results in a decrease in their price target with the same amount.

“We maintain our neutral attitude because we are waiting for further evidence about the implementation of a refreshing Wipro strategy, and the successful turnover of its growth struggles over the past decade before turning more constructive in stocks,” Oswal Motilal financial services said.