Shares of Wipro witnessed sharp volatility on the buyback record date, falling as much as 7.3 per cent during intra-day trading before recovering some losses. The stock touched a low of ₹189.35 on the BSE amid heavy trading volumes, reflecting heightened investor activity around the company’s ₹15,000 crore share buyback programme.
Stock declines despite market gains
Wipro shares came under pressure during early trade, dropping significantly even as the broader market remained positive.
At around 9:52 am, more than 1.38 million shares had been traded on the BSE, while nearly 19.94 million shares changed hands on the National Stock Exchange (NSE). Despite the initial sell-off, the stock recovered partially and was trading at ₹196.20, down 3.96 per cent.
In contrast, the BSE Sensex was trading 0.2 per cent higher at 74,511.24, indicating that the decline was largely stock-specific rather than market-wide.
Heavy block deals observed
Market data indicated substantial activity through block transactions during the session. According to Bloomberg data, approximately 1.74 million shares were traded in multiple block deals.
The identities of the buyers and sellers involved in these transactions were not immediately known. As of March 2026, promoters held around 73 per cent of Wipro’s equity, making promoter activity a closely watched aspect of the stock.
The sharp movement in trading volumes suggests heightened investor interest linked to the company’s ongoing share buyback exercise.
Details of ₹15,000 crore buyback
Wipro has announced a share buyback worth up to ₹15,000 crore through the tender offer route.
Under the programme, the company plans to repurchase up to 60 crore equity shares at a fixed price of ₹250 per share. The buyback represents up to 5.72 per cent of the company’s total paid-up equity share capital.
The buyback size accounts for 24.99 per cent of the aggregate of Wipro’s fully paid-up equity share capital and free reserves based on standalone financial statements, and 19.99 per cent based on consolidated financial statements for the financial year ended March 31, 2026.
Eligibility linked to record date
The company fixed June 5, 2026, as the record date for determining shareholder eligibility.
Only investors holding Wipro shares as of the record date will be eligible to participate in the buyback. The repurchase will be conducted on a proportionate basis in accordance with the Securities and Exchange Board of India (SEBI) Buy Back of Securities Regulations, 2018.
Buybacks are generally viewed as a mechanism for returning surplus cash to shareholders and can provide an opportunity for investors to tender shares at a premium to the prevailing market price.
Technical indicators show mixed signals
According to market analysts, Wipro’s stock is currently attempting to stabilise after a prolonged correction.
Technical analyst Virat Jagad noted that the stock has found support in the ₹180–185 range, which aligns with the lower boundary of a long-term rising trendline. While the stock has managed to hold this support zone, it continues to trade below its 200-day moving average near ₹225 and below the key resistance zone of ₹200–202.
Momentum indicators remain mixed, with the Relative Strength Index (RSI) hovering around the mid-50s, suggesting improving but not yet decisive bullish momentum.
Key levels to watch
Analysts believe a sustained breakout above the ₹202 level could strengthen the recovery trend and potentially open the path towards ₹225 and eventually ₹250.
On the downside, the ₹180 mark remains a crucial support level. A fall below this zone could trigger renewed selling pressure and weaken the stock’s near-term outlook.
For now, market experts view Wipro as being in a base-building phase, with investors closely monitoring whether the stock can break above key resistance levels to confirm a stronger medium-term uptrend.
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