Wipro Rises 3%: Here’s What You Should Know About The BuyBack
- Share.Market
- 2 min read
- Published at : 10 Apr 2026 11:02 AM
- Modified at : 10 Apr 2026 11:03 AM
WIPROIT Services firm Wipro after market hours on Thursday said that its board is considering a buyback of its equity shares.
Following this announcement, the company’s shares gained nearly 3% during early trades on Friday, after cooling off. As per an exchange filing, the board’s decision will be communicated on April 16, 2026.
Past Trends
Wipro’s earlier buybacks were carried out at premiums ranging between 16% and 19% to the market price. If this buyback is approved, it will be the company’s first buyback after three years.
In April 2023, Wipro conducted a buyback with a size of ₹12,000 crore at a price of ₹445 per share and at a premium of 18%. The price is not adjusted for the 1:1 bonus issue announced in December 2024.
Wipro currently holds nearly ₹41,000 crore in net cash, compared to about ₹28,000 crore at the time of its previous buyback, as per media reports.
In its third-quarter earnings commentary, Wipro’s management had reiterated that share buybacks would remain a key mechanism for returning cash to shareholders.
Wipro’s CRISP Analysis
