Wipro Ltd

Wipro Ltd gained for a third straight session today. The stock is quoting at Rs 209.01, up 1.26% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 23426.15. The Sensex is at 74526.12, up 0.35%. Wipro Ltd has gained around 4.11% in last one month. Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has gained around 6.97% in last one month and is currently quoting at 29854.25, up 4.18% on the day. The volume in the stock stood at 294.64 lakh shares today, compared to the daily average of 267.55 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 194.8, up 2.19% on the day. Wipro Ltd is down 15.11% in last one year as compared to a 4.55% slide in NIFTY and a 15.51% slide in the Nifty IT index.The PE of the stock is 17.86 based on TTM earnings ending March 26.

Wipro announced that Wipro IT Services, LLC (stepdown subsidiary) will acquire an additional 20% stake in Aggne Global Inc. for a cash consideration of USD 28.5 million. The said transaction is expected to be completed by 05 June 2026. In February 2024, Wipro and Wipro IT Services, LLC acquired 60% stake in Aggne Global IT Services and Aggne Global Inc., respectively. This additional stake purchase in Aggne will further strengthen Wipro's competitive advantage in the insurance sector'particularly in driving AI, and IP led transformations for the Property & Casualty Insurance (P&C) sector. With this, Wipro IT Services, LLC's shareholding in Aggne Global Inc., will increase to 80%. Aggne Group is a fast-growing Insurtech company offering a wide range of AI, and Intellectual Property driven services designed to help insurers transform operations, drive new efficiencies, and deliver optimal customer experiences.

Under the collaboration, Wipro will integrate its Wipro Intelligence suite of AI-powered platforms and solutions with the ServiceNow AI Platform. The move is aimed at helping enterprises automate workflows, improve operational efficiency and strengthen governance across business processes. The company said the integration will enable organisations to streamline the initiation, orchestration and execution of work across enterprise systems, reducing manual intervention and improving visibility into operations. As part of the partnership, several Wipro Intelligence offerings will leverage the ServiceNow AI Platform. These include SmartProcure for procurement automation, Telco Autonomous Networks for telecom service operations, and Cyber Transform for cybersecurity workflow management. Wipro said clients can benefit from a unified platform for managing work requests, faster execution of processes, policy-aligned governance and improved operational visibility. Amit Zavery, president, chief operating officer and chief product officer at ServiceNow, said the partnership will help enterprises adopt connected and outcome-driven AI by embedding agentic AI into secure workflows. Malay Joshi, chief executive officer of Wipro's Americas 1 Strategic Market Unit, said the expanded collaboration is designed to help enterprises scale AI adoption through industry-focused solutions backed by governance and controls. The company added that the partnership will support the deployment of agentic AI at scale while enhancing employee experience, operational agility and business outcomes. Wipro is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The IT major reported 12% increase in consolidated net profit to Rs 3,521.6 crore on a 2.9% rise in revenue from operations to Rs 24,236.3 crore in Q4 FY26 as compared with Q3 FY26. On a year-on-year (YoY) basis, the company's consolidated net profit declined 1.9% while revenue from operations increased 7.70% in March 2026 quarter. Powered by Capital Market - Live

Wipro announced its expanded partnership with ServiceNow to implement and scale the impact of agentic AI workflows across core enterprise functions such as IT, HR, procurement, and cybersecurity. Under this expanded partnership, Wipro will integrate Wipro Intelligence', its unified suite of AI-powered platforms, solutions, and transformative offerings, with the ServiceNow AI Platform enabling organizations to streamline the initiation, orchestration, and execution of work across enterprise systems. By reducing manual coordination and improving visibility into how work progresses across core functions, enterprises can accelerate turnaround times while strengthening accountability and operational governance.

Wipro has fixed 05 June 2026 as record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

Wipro Ltd rose for a fifth straight session today. The stock is quoting at Rs 196.72, up 0.79% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 23602.8. The Sensex is at 75145.21, down 0.07%. Wipro Ltd has dropped around 4.04% in last one month. Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has dropped around 7.84% in last one month and is currently quoting at 29308, down 0.23% on the day. The volume in the stock stood at 84.22 lakh shares today, compared to the daily average of 196.38 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 196.5, up 0.89% on the day. Wipro Ltd is down 21.6% in last one year as compared to a 4.88% fall in NIFTY and a 22.11% fall in the Nifty IT index.The PE of the stock is 16.88 based on TTM earnings ending March 26.Powered by Capital Market - Live

Wipro has allotted 38,24,940 equity shares under ADS Restricted Stock Unit Plan 2004, 1,59,198 equity shares under the Restricted Stock Unit Plan 2007 and 14,65,258 under Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024 on 05 May 2026, pursuant to exercise of ESOPs.

Wipro announced a strategic partnership with Kongsberg Digital, a global leader in advanced engineering and industrial digitalization, to jointly deploy next‑generation AI‑powered Digital Twin solutions for the Energy & Utilities Sector. The collaboration brings together Wipro's consulting-led approach and its AI-powered Wipro Intelligence' solutions - Industrial-AssetsAI and UpstreamAI - with Kongsberg Digital's Industrial Work Surface solution. Together, Wipro and Kongsberg Digital will enable more reliable, efficient, and safer operations across complex asset networks. 'At the core of this collaboration is a shared vision to rethink how industrial intelligence is designed and applied,' said Srikumar Rao, Managing Partner and Global Head of Engineering, Wipro Limited. 'By combining our deep domain expertise in Energy & Utilities and the relevant Wipro Intelligence' solutions with Kongsberg Digital's digital twin platform, we are bringing AI, engineering, and operational insight together. This will enable enterprises to embed autonomy into their operations, allowing them to anticipate change, navigate complexity, and build resilience at scale.' Together, Wipro and Kongsberg Digital will provide organizations with a unified environment that brings together physics‑based engineering models, real‑time operations, and enterprise AI. Once deployed, the joint offering will function as a digital twin that reflects real‑time conditions across plants, grids, and distributed assets. By combining simulation, data, AI, and automation in one integrated framework, Wipro and Kongsberg Digital can help organizations simplify digital transformation and strengthen operational resilience. As part of the agreement, Wipro and Kongsberg Digital will advance a joint roadmap to scale AI‑powered digital twin capabilities across Energy & Utilities environments, helping asset‑intensive organizations accelerate innovation, strengthen operational resilience, and deliver sustained improvements in performance, safety, and sustainability.

Wipro has allotted 3,41,897 equity shares under ADS Restricted Stock Unit Plan 2004 and 37,984 equity shares under the Restricted Stock Unit Plan 2007 on 21 April 2026, pursuant to exercise of ESOPs.

The IT major has reported 12% increase in consolidated net profit to Rs 3,521.6 crore on a 2.9% rise in revenue from operations to Rs 24,236.3 crore in Q4 FY26 as compared with Q3 FY26. On a year-on-year (YoY) basis, the company's consolidated net profit declined 1.9% while revenue from operations increased 7.70% in March 2026 quarter. Profit before tax (PBT) stood at Rs 4,667.6 crore in Q4 FY26, up 12.9% QoQ but down 1.6% YoY. In dollar terms, Wipro's gross revenue for Q4 FY26 stood at $2,583 million, registering a decline of 1.5% QoQ and 1.9% YoY. In constant currency terms, the company's revenue is higher by 0.2% on a sequential basis. IT services segment revenue was at $2,651.0 million in Q4 FY26, which is growth of 0.6% QoQ and 2.1% YoY. IT services operating margin for Q4 FY26 was 17.3% as against 17.6% in Q3 FY26 and 17.5% in Q4 FY25. Total bookings stood at $3,455 million in Q4 FY26, up 3.6% QoQ but down 12.6% YoY. Large deal bookings for Q4 FY26 were $1,440 million as compared to $871 million in Q3 FY26 and $1,763 million in Q4 FY25. The company said that its closing employee count was 242,156 at the end of Q4 FY26. Voluntary attrition was at 13.8% on a trailing 12-month basis. For FY26, Wipro has recorded net profit and revenue of Rs 13,265.5 crore (up 0.4% YoY) and Rs 92, 624 crore (up 4% YoY), respectively. Looking ahead, the company said that it expects revenue from IT Services business segment to be in the range of $2,597 million to $2,651 million. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms. Wipro's board has approved a buyback proposal for purchase of up to 60 crore equity shares, which 5.7% of total paid-up equity share capital of the company, from the shareholders of the company. The shares would be bought back on a proportionate basis by way of a tender offer at a price of Rs 250 per equity share for an aggregate amount not exceeding Rs 15,000 crore. As per media reports, Wipro's March quarter earnings drew a sharp reaction from a global research house, which called the performance weak and guidance lacklustre, even as the company's US-listed ADRs fell nearly 3% post results. The brokerage said Wipro's fourth-quarter numbers missed expectations on multiple fronts: revenue growth came in at just 0.2% quarter-on-quarter in constant currency terms, near the lower end of guidance. The key concern was the company's outlook for the June quarter. Wipro guided for revenue growth in the range of 0% to -2% quarter-on-quarter in constant currency, which the brokerage reportedly termed weaker than expected. Notably, the guidance already factors in contributions from recent deals and acquisitions, implying that the underlying organic business could decline further, raising concerns about near-term growth visibility. The research house has also reportedly flagged a slowdown in deal momentum. Total bookings declined 11% YoY in constant currency, with large deal bookings falling 20% and non-large deals down 15%, indicating continued pressure on discretionary IT spending. The brokerage has reportedly maintained an 'underperform' rating on the stock, with a price target of Rs 180, implying a potential downside of 14.4% from the scrip previous closing price of Rs 210.20. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.