India's Wipro drops 4% on record date for share buyback

Wipro

05/06/2026 05:17

** India's Wipro WIPR.NS down 4% at 196.1 rupees
** Top loser on Nifty IT .NIFTYIT and benchmark Nifty 50 .NSEI indexes, which are up 0.1% and 0.2%, respectively
** Stock down as Friday marks record date for company's share buyback of up to 150 billion rupees ($1.57 billion)
** Investors selling shares n Friday will be eligible for buyback
** Co to buy back shares via tender offer route; dates yet to be announced
** Stock rated "hold" on average by 40 brokerages, median PT at 210 rupees, per data compiled by LSEG
** YTD, WIPR down 25.5%, while NIFTYIT down 22.7%



($1 = 95.6600 Indian rupees)

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))