Wipro share price traded higher on Tuesday, extending its rally for the ninth consecutive session, led by strong gains. The IT stock has rallied more than 11% in these nine sessions.
The rally in Wipro shares comes amid investors’ interest over the company’s ₹15,000 crore share buyback programme.
On April 16, the board of directors of approved the share buyback proposal to repurchase up to 60 crore equity shares, representing 5.72% of its equity, through the ‘tender offer’ route.
price has been set at ₹250 per share, which is at a premium of nearly 21% over Monday’s closing price.
Wipro buyback is June 5, for determining the eligibility of shareholders. All shareholders who Wipro shares as on the record date of June 5, will be eligible for the buyback offer.
The IT major had last undertaken a share buyback in June 2023, which was worth ₹12,000 crore.
Wipro had announced that the members of the promoter and promoter group also intend to participate in the proposed buyback programme.
Wipro Q4 Results FY26
Last month, the was announced along with the company’s Q4 results.
Wipro reported a in the fourth quarter of FY26, a growth of 12.27% from ₹3,119 crore in the December quarter. The IT major’s revenue in Q4FY26 grew 3% QoQ to ₹24,236 crore.
The IT major expects a weak start to FY27, guiding for April–June revenue of $2.6–2.65 billion, implying a sequential decline of up to 2% or, at best, flat growth. Management attributed this outlook to delays in ramping up a large client engagement and slower growth from an existing banking client. The company does not provide full-year guidance.
Technical Outlook
Wipro share price is forming a 52-day double bottom pattern on the daily charts, with the neckline placed near the crucial ₹220 zone, noted Anshul Jain, Head of Research at Lakshmishree Investments.
“A breakout above this level could trigger a technical pullback toward the ₹250 region. However, the broader structure remains weak, with limited relative strength visible both in the stock and across the IT index. Momentum indicators continue to lack conviction, suggesting the move may remain more of a relief rally rather than the start of a sustainable uptrend. Volume participation has also been unimpressive around the base formation,” said Jain.
Given the weak sectoral backdrop and absence of strong accumulation signals, Jain advises that fresh buying positions should be approached cautiously and largely avoided at current levels.
Wipro Share Price Performance
Wipro share price has risen 4% in one month, but the stock has fallen 23% on a year-to-date (YTD) basis. The IT stock has declined over 17% in one year and has dropped 11% in two years. Over the past three years, Wipro shares have risen just 3%, while they have fallen over 21% in five years.
At 12:15 PM, Wipro share price was trading 0.10% higher at ₹207.00 apiece on the .