Shares of Wipro opened lower on Friday, continuing their decline in early trading, and reached a low of ₹202.50 on the NSE, representing a drop of 3.6 percent from Thursday’s close of ₹210.26. The sell-side pressure was evident, with approximately 34 percent of the total traded volume of 91.49 lakh shares listed on the offer side. Year-to-date, the stock has depreciated over 23 percent and is down 13.5 percent over the past year, significantly underperforming the Nifty 50 index.
This selling activity occurred despite the company’s board announcing a ₹15,000-crore buyback at ₹250 per share—a premium of nearly 19 percent compared to Thursday’s closing price—after market hours. Market reactions seem to prioritize concerns over Wipro’s guidance for the June quarter, which indicated a potential revenue decline of up to 2 percent to flat sequentially in constant currency terms. Analysts had anticipated a smaller decline of around 0.5 percent, with the midpoint guidance of -1 percent reflecting further pessimism.
Motilal Oswal, in its results announcement, maintained a Neutral rating with a target price of ₹215. The brokerage noted weak near-term growth prospects due to specific client issues within the Americas 2 region, delays in ramping up deal activity, and ongoing pressure from the primary client, which experienced an 8 percent sequential decline in Q4. Additionally, it highlighted expected margin pressures from wage hikes and lower-margin deal transitions.
Regarding Q4 results, Wipro reported IT services revenue of $2.65 billion, marking a mere 0.2 percent increase quarter-on-quarter in constant currency, falling short of the 1 percent growth that analysts had projected. The adjusted profit after tax (PAT) stood at ₹34.8 billion, representing a 3.7 percent increase quarter-on-quarter. Notably, full-year IT services revenue showed a decline of 0.3 percent in reported dollar terms.
Published on April 17, 2026.
