According to data compiled by Bloomberg, 1.74 million shares were traded in multiple blocks on buyback record date
The decline in Srini Pallia's compensation was primarily due to lower variable pay, as IT firms continue to navigate a challenging demand environment
The additional investment in the insurance technology firm is expected to strengthen Wipro's AI- and IP-led transformation capabilities in the property and casualty segment
CLSA found that most SaaS companies have either maintained or increased their revenue and margin guidance for the upcoming fiscal year and beaten consensus EPS
The buying on the counter came after Wipro announced an expanded partnership with ServiceNow to implement and scale agentic artificial intelligence (AI) workflows across core enterprise function
Stocks to Watch today, May 29, 2026: Ashok Leyland, Alkem Laboratories, PhysicsWallah, GMR Airports, InterGlobe Aviation, NMDC, and Glenmark Pharma are among the top stocks to remain in focus today
The Lucknow bench of the Allahabad High Court on Wednesday quashed criminal proceedings against Wipro chairman Azim Premji and other senior company officials, initiated in connection with alleged violations of labour laws. The court also set aside the summons issued by a magistrate court in the matter. The order was passed by Justice Jafeer Ahmad on a petition filed by Premji and others. The case originated from a complaint filed by the labour department, alleging non-compliance with labour laws at Wipro's Ghaziabad office. Acting on the complaint, a local magistrate court issued a summons to Premji and a few other company officials, following which the order was challenged before the high court. In its judgment, the high court observed that in matters relating to technical violations of labour laws, top executives, such as a company chairman, cannot be held criminally liable unless there are specific allegations showing their direct involvement. The court noted that the complain
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
BSE may attract passive inflows of about $639 million if included in NSE's flagship Nifty 50 index during the September 2026 rebalancing, says Quiddity Advisors
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.
Economic uncertainty, slower growth and pressure on margins are prompting IT services firms to delay salary hikes and offer lower increments, impacting employee morale across the sector
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
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 buyback price is 19 per cent higher than the stock's closing price on Thursday's of Rs 210.15 per share on the NSE.
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
Q4FY26 company results: Firms including Angel One, Waaree Renewable Technologies, VST Industries, and Alok Industries are also to release their January-March earnings today