Wipro Limited shares climbed 1.84 per cent to ₹198.49 at the NSE on Monday morning after the Bengaluru-based IT major announced one of its largest-ever strategic deals — an 8-year engagement with Singapore-headquartered food and agri-business conglomerate Olam Group, valued at over $1 billion, with a committed spend of $800 million.
The stock opened at ₹197.00, touched an intraday high of ₹201.18, and traded with a buy skew of 44.19 per cent against 55.81 per cent sell orders, with total traded value reaching ₹88.77 crore in early trade. Market capitalisation stood at approximately ₹2.08 lakh crore.
As part of the agreement, Wipro will acquire Mindsprint, Olam Group’s IT and digital services arm, which will become a wholly owned subsidiary subject to regulatory approvals. The deal is expected to close by end of June 2026. Mindsprint, primarily India-based, employs over 3,200 professionals and brings proprietary platforms including Farmsprint, Procuresprint, and Tradesprint covering areas from plantation management to commodity trading.
Wipro will deploy its AI-powered suite, Wipro Intelligence, across Olam’s farm-to-fork value chain, covering farming, forecasting, trading, supply chain, and customer engagement.
Despite today’s uptick, the stock remains under pressure over longer timeframes — down nearly 25.72 per cent year-to-date and 19.37 per cent over the past year, significantly underperforming the Nifty 50’s 1.10 per cent decline over the same period. The 52-week high of ₹273.10, hit in December 2025, remains a distant benchmark. The stock’s annualised volatility stands at 31.14 per cent.