Wipro's shares experienced a significant decline following the release of its Q1 FY25 results, which fell short of market expectations. The stock dropped more than 8% to Rs 508.25, reaching a one-month low and marking the steepest fall since March 2020. Analysts highlighted missed revenue targets, muted guidance for Q2 FY25, and a decline in large deal total contract value (TCV) despite securing a major deal. The results were released after market hours on Friday, causing the stock to open 7.5% lower on Monday. This downturn has led to a bearish outlook on Wipro's share price target for 2024.