Stable margins and deal wins offer support, but weak guidance, BFSI slowdown and slow deal conversion weigh on near-term outlook
The selling on the counter came after Wipro posted its January-March quarter (Q4FY26) results on Thursday, after market hours
Stocks to watch today: Wipro, Angel One, Jio Financial Services, Max Healthcare, HDFC AMC, HDFC Life, BPCL, Waaree Renewable and RVNL are among the key stocks in focus today.
Wipro reports marginal Q4 profit decline and muted revenue growth, flags weak Q1FY27 guidance amid geopolitical uncertainty and slow ramp-up of large deals
Wipro plans Rs 15,000 crore share buyback, its largest ever, offering 19 per cent premium to market price as it looks to reward shareholders and support stock performance
The IT company's profit in the year-ago period stood at Rs 3,569.6 crore.
Wipro is expected to report revenue of ₹24,262 crore in Q4FY26, up 3 per cent on a sequential basis and 7.8 per cent year-on-year, supported by higher contribution from the Harman acquisition
Stocks to Watch today: Wipro, ICICI Lombard General Insurance, HDB Financial Services, Tejas Networks, Brigade Enterprises, SAMHI Hotels, Delhivery are among the key stocks in focus today.
Q4FY26 company results: Firms including Angel One, Waaree Renewable Technologies, VST Industries, and Alok Industries are also to release their January-March earnings today
IT services company Wipro will acquire select customer contracts of Alpha Net Consulting at a purchase consideration of up to USD 70.8 million, according to a regulatory filing on Wednesday. The business acquisition will enable Wipro's access to certain key clientele, their customer contracts as well as the related workforce, augmenting its existing AI-powered, and consulting-led application services capabilities, and fuelling new growth opportunities. "Wipro Limited, through its subsidiaries, signed a definitive agreement on April 14, 2026 to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries," the BSE filing said. The deal involves cash purchase consideration of up to USD 70.8 million, subject to closing adjustments. This includes a deferred consideration in the form of earnout, payable subject to achievement of certain performance metrics and conditions. The transaction is expected to be completed by June 30, 2026. Alpha Net Group was founded in
Individually, Oracle Financial Services Software rallied 4.4 per cent, followed by TCS, Wipro, Persistent Systems, Infosys, Mphasis and LTIMindtree up over 2 per cent
Wipro Q4 results preview: Profit after tax (PAT) is expected to rise 2.4 per cent from ₹3,357.47 crore in Q3FY26
Coforge, Infosys, Mphasis and Tata Consultancy Services (TCS) slipped over 3 per cent
Wipro share price today: Wipro was the only gainer in the Nifty IT index, which slipped 1.7 per cent.
Stocks to Watch today, April 10, 2026: TCS, Wipro, Tata Steel, HDFC Life Insurance, and Prestige Estates are some of the key stocks to watch today
Company's board to evaluate buyback proposal alongside Q4 results amid weak stock performance and concerns over AI-led disruption in IT services
All 10 constituents of the Nifty IT index were trading sharply higher. Mphasis, Wipro, Oracle Financial Services Software, HCL Tech, and TCS rose over 2 per cent each
Eight-year deal with Singapore's Olam Group boosts revenue visibility and AI-led capabilities, alongside $375 million acquisition of IT arm Mindsprint
The buying on the counter came after Wipro secured a multi-year strategic transformation deal with Olam Group.
Beyond $90/bbl is when the decline steepens and things worsen as inflation starts eating into savings, impacting spend that gets especially bad for consumer sectors, Bernstein said in a recent note.