WIT is trading at 4.6% up now at $1.96, rebounding from a sharp 16.89% ADR drop on July 01, 2026 after a JPMorgan downgrade to Underweight and a price target cut to $1.70.[2][4] Today’s move appears to be a technical bounce as investors reassess the selloff, with no fresh company-specific news reported beyond continued focus on AI-driven pricing pressure and a tough demand environment for Indian IT services.[2][4] The broader U.S. indices are modestly higher, which may be lending some support to sentiment.