Shares of Wipro opened lower on Friday and extended losses through the early session, hitting a low of ₹202.50 on the NSE, down 3.6 per cent from Thursday’s close of ₹210.26. The sell-side pressure visible — roughly 34 per cent of total traded quantity of 91.49 lakh shares was on the offer side. The stock has lost over 23 per cent year-to-date and is down 13.5 per cent over the past year, significantly underperforming the Nifty 50.

The selling comes despite Wipro’s board announcing a ₹15,000-crore buyback at ₹250 per share — a near 19 per cent premium to Thursday’s close — after market hours. Markets appear to be looking past the capital return gesture, focusing instead on the company’s guidance for the June quarter, which flagged a revenue decline of 2 per cent to 0 per cent sequentially in constant currency terms. The midpoint of -1 per cent was worse than the -0.5 per cent analysts had anticipated.

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Motilal Oswal, in its results note, retained a Neutral rating with a target price of ₹215, citing weak near-term growth visibility due to client-specific issues in the Americas 2 geography, delayed deal ramp-ups, and continued pressure from the top client, which fell 8 per cent sequentially in Q4. The brokerage flagged margin headwinds ahead from wage hike impact and lower-margin deal ramp-ups.

On the Q4 results themselves, Wipro reported IT services revenue of $2.65 billion, up just 0.2 per cent QoQ in constant currency — below estimates of 1 per cent growth. Adjusted PAT came in at ₹34.8 billion, up 3.7 per cent QoQ. Full-year IT services revenue declined 0.3 per cent in reported dollar terms.

Published on April 17, 2026