Shares of Wipro Ltd fell to their lowest level in more than six years on Thursday, even as the company’s ₹15,000 crore share buyback opened for subscription.
The stock touched an intraday low of ₹175.80 on the BSE, its weakest level since April 2020. At 10:44 am, Wipro was trading at ₹177.39, down 0.86%.
The stock has declined for five consecutive sessions and has lost about 14% over the past week, compared with a 1% decline in the BSE Sensex during the same period.
So far in 2026, Wipro shares have fallen 33%, while the benchmark index is down around 12%.
Buyback opens today
Wipro’s share buyback programme opened on June 11, 2026, and will remain open until June 17, 2026.
The company’s board had approved a buyback of up to 600 million equity shares with a face value of ₹2 each.
Buyback details
- Buyback size: ₹15,000 crore
- Buyback price: ₹250 per share
- Maximum shares to be repurchased: 600 million
- Buyback route: Tender offer
- Buyback period: June 11-17, 2026
- Record date: June 5, 2026
The proposed buyback represents up to 5.72% of Wipro’s paid-up equity capital.
Why Wipro is undertaking the buyback
In its Letter of Offer, the company said the buyback is intended to return surplus cash to shareholders.
According to Wipro, the move will:
- Return funds that are above its current capital requirements.
- Improve financial ratios such as earnings per share and return on equity.
- Enhance returns for shareholders.
- Distribute surplus cash in proportion to shareholding.
The company said up to 15% of the buyback size has been reserved for small shareholders under the tender offer route.
Analysts remain cautious
Brokerages continue to see near-term challenges for the IT major.
According to Mirae Asset Sharekhan, Wipro’s guidance for the June quarter (Q1FY27) points to a decline of 2% to flat growth in constant currency terms on a sequential basis.
The brokerage highlighted several headwinds:
- Delayed ramp-up of large deals.
- A client-specific issue spilling over from Q4 into Q1.
- Weakness in healthcare and manufacturing segments due to policy changes and tariff-related disruptions.
Although management expects the client-related issue to normalise after Q1FY27, Sharekhan said delays in converting large deal wins into revenue remain a concern.
The brokerage noted that the stock trades at around 15 times FY28 estimated earnings and said the risk-reward profile appears balanced.
Motilal Oswal’s view
Motilal Oswal Financial Services expects constant currency revenue growth of 1% year-on-year in FY27.
The brokerage has factored in:
- A 1% sequential decline in Q1FY27 revenue.
- Delays in deal ramp-ups.
- Weakness among top clients.
- Pressure in some business verticals.
Motilal Oswal also sees limited scope for margin expansion because of:
- Wage hikes.
- Lower-margin deal ramp-ups.
- Investments in artificial intelligence.
The brokerage said consistent execution and better conversion of deal wins into revenue would be important for a more constructive outlook.
Stock snapshot
- Current price: ₹177.39
- Intraday low: ₹175.80
- 52-week high: ₹273.15
- One-week decline: 14%
- 2026 decline: 33%
TL;DR
Wipro shares fell to a six-year low as the company’s ₹15,000 crore buyback opened on June 11. Analysts remain cautious due to delayed deal ramp-ups, weak revenue guidance and limited scope for margin expansion.
AI Summary
- Wipro shares hit a six-year low of ₹175.80.
- The company’s ₹15,000 crore buyback opened on June 11.
- Shares have fallen 14% in the past week.
- Mirae Asset Sharekhan and Motilal Oswal expect near-term growth challenges.
- Delayed deal ramp-ups and margin pressures remain key concerns.
