Wipro Share Buyback: Shares worth Rs 15,000 crore will be bought back from shareholders, you will be shocked to know the reason!

Business Desk – Wipro Share Buyback: IT company Wipro is going to buyback shares worth Rs 15,000 crore. The company will buy back 60 crore shares from its shareholders. The record date for this has been fixed as June 5. Those whose names will be recorded as ‘beneficial owners’ of the shares in the ‘Register of Members’ of the company or in the records of the depository till this date. They will be entitled to participate in this buyback. Wipro has fixed the buyback price at Rs 250 per share.

The company’s board had approved a share buyback program of Rs 15,000 crore on April 16. Promoters and promoter group members also intend to participate in this initiative. Wipro is doing share buyback after a gap of almost three years. Its last buyback took place in June 2023. At that time, the company had bought back shares worth Rs 12,000 crore between June 22 and June 30. It had acquired 26.96 crore equity shares, in which the buyback price was fixed at Rs 445 per share.

Wipro shares fall 24% so far in 2026

The face value of Wipro shares is Rs 2. On Friday, May 22, the share price closed at Rs 203.10 on BSE. The market capitalization of the company is Rs 2.13 lakh crore. This stock is part of BSE 100 index.

There has been a decline of 24% so far in 2026. As of the end of March 2026, promoters’ stake in the company stood at 72.62%. On BSE, the stock’s 52-week high is Rs 273.15, while its 52-week low is Rs 186.50.

During the January-March 2026 quarter, Wipro’s consolidated net profit declined 1.89% year-on-year to Rs 3,501.8 crore. A year ago, this profit was Rs 3,569.6 crore. Total income increased by 7.6 percent to ₹24,236.3 crore.

Compared to the October-December 2025 quarter, profit increased by 12.2 percent, and revenue increased by 2.8 percent. The company’s IT Services segment recorded revenue of $265.1 million in the March 2026 quarter.

This shows an increase of 2.1 percent on year-on-year basis. For the full financial year 2025-26, Wipro’s net profit stood at Rs 13,197.4 crore, showing a marginal growth of 0.47 per cent. Revenue increased by 3.96 percent to Rs 92,624 crore.

Brokerage views on Wipro shares

Of the 45 analysts covering Wipro, 11 have a ‘Buy’ rating. 19 have recommended ‘Hold’, while 15 have advised ‘Sell’. After the company’s March 2026 quarter results, Morgan Stanley maintained its ‘Underweight’ rating and reduced its price target to Rs 194 per share.

The reason behind this move was said to be lower than expected organic growth and weak guidance. Nomura maintained its ‘Buy’ rating with a target price of Rs 250, and called the quarter’s performance mixed.

JPMorgan maintained its ‘Neutral’ rating for the stock. Target price set at Rs 200. Kotak Institutional Equities maintained its ‘Sell’ rating with a target price of Rs 190.

CLSA maintained its ‘Hold’ rating with a target price of Rs 194. HSBC also maintained its ‘Hold’ rating. Target price set at Rs 210. He said that the prospects for improvement remain weak.

While share buybacks may provide short-term support to the stock, it is not a significant long-term catalyst. ICICI Securities has given a target price of Rs 200 and ‘Hold’ rating. Motilal Oswal has also set a target of Rs 215 per share and has given ‘Hold’ rating.