Indian IT stocks have fallen up to 34 per cent in 2026 as AI disrupted outsourcing model. Analysts remain cautious on FY27 outlook. They prefer TCS, Infosys, HCLTech, Coforge
Wipro has set the buyback price at ₹250 per share, implying a premium of 23 per cent over the stock's previous closing price of ₹203.11 per share
Srini Pallia, the insider leading the company, is focusing on large deals to boost revenue
The Nifty IT index has corrected 27 per cent on a Y-T-D basis, in comparison, the Nifty 50 index has declined 9.5 per cent in the same period.
In 2026 so far, TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro have declined in the range of 17 per cent to 33 per cent. In comparison, the Nifty 50 index has dived 10 per cent, data showed.
Nifty IT index has fallen nearly 25 per cent year-to-date, compared with an 8.85 per cent decline in the benchmark Nifty50
At the top of the list is Bharat Petroleum Corporation (BPCL), which offers the highest dividend yield of 7.5 per cent
LTIMindtree was the top loser, down nearly 6 per cent, followed by Coforge, Infosys, and Mphasis, falling over 5 per cent each
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