Here's why Wipro slipped 3% despite posting 30% YoY growth in Q3 profit

While there was no change in demand trends, Wipro's guidance factors potential impact from the ongoing macro uncertainties in the US and Europe, observe analysts at Motilal Oswal Financial Services.

Shares of Wipro fell as much as 3 per cent to Rs 335.45 apiece on BSE in the early trade on Monday, as brokerages appeared unimpressed by the IT firm's third quarter results. 

Although, it posted a healthy 30 per cent year-on-year (YoY) growth in its net profit at Rs 2,050 crore and 7 per cent YoY revenue growth in constant currency (CC) terms, the numbers were below most brokerages' estimates.

This apart, macro uncertainty coupled with large buyback announcement are seen as key risks to the company's growth. They also maintained that despite posting decent numbers, the company