Wipro is set to release its Q4 results on April 16, with analysts predicting a mixed performance due to increased wages and integration costs. Notably, Nuvama forecasts a 9% drop in year-on-year profit, while Kotak anticipates a 3% rise. The revenue growth is primarily attributed to the Harman acquisition and favorable foreign exchange benefits.
Investment firm Emkay Global has downgraded its recommendation for Wipro to "Sell", with the current share price standing at INR 204.7. This suggests a potential decline in the tech giant's future performance, according to their latest analysis.
The Nifty index surpassed 23,100 today with notable contributions from companies like Wipro, HCLTech, and Hindalco, which saw significant gains.
Stock market took a dip today as the Iran deadline approaches under Trump's administration, with both Nifty dropping below 22,800 and Sensex shedding 698 points. Crude oil prices rose to $115, adding to investor concerns. Meanwhile, Hindalco and Wipro managed to post gains on the Nifty, but broader markets faced losses primarily due to IndiGo, Eicher Motors, and Adani Enterprises experiencing setbacks.
Experts have suggested six stocks with potential for short-term gains: Axis Bank, Nykaa, Coal India, Wipro, Trent, and CCL Products. The predicted price ranges are: Axis Bank ($17.83-$18.29), Nykaa ($36.05-$37.04), Coal India ($6.57), Wipro ($21.62), Trent ($5,336.47), and CCL Products ($11.63-$12.08).
Wipro's shares climbed 1.8%, reaching ₹198.49, due to a $1B deal with Olam and the acquisition of Mindsprint. This deal strengthens their agri-tech sector, yet the stock is down 26% year-to-date, underperforming the Nifty index.
According to Investec's predictions, Wipro might be planning a significant share buyback worth approximately ₹16,000 crores. This move could signal a commitment towards returning capital to shareholders and prioritizing shareholder value.
Wipro has landed an impressive $1 billion, eight-year deal with Olam Group, a significant player in the global food industry majority-owned by Temasek and valued at over $50 billion. Initial commitments amount to $800 million.
TCS will reveal their Q4 earnings for FY2022 on April 9, with a proposed final dividend for the same fiscal year, adding up to an interim dividend of INR 33. Wipro is set to disclose their full-year FY2022 results after market hours on April 21, and have so far paid an interim dividend of INR 11 per share.
Wipro's Board will convene on April 15-16, 2026, to finalize and approve the Q4 and full-year 2026 financial results. During this period, trading in Wipro shares has been temporarily suspended (March 16 - April 18, 2026).
Effective April 1, 2026, Wipro has announced leadership changes. Nagendra Bandaru will take over as CEO for the AI Platforms division, while Kanwar Singh will head the Technology Services GBLs.
Wipro introduces its AI Native Business Platforms unit, dedicated to developing AI-driven solutions. This move is intended to bolster company growth, with key leadership roles now filled.
Mid-sized Indian IT companies like Persistent, Hexaware, and Firstsource are seeking expansion opportunities in Asia and Africa, as growth in the US market appears to be slowing down. In response, Persistent is diversifying through strategic acquisitions, while Infosys and Wipro are increasing their presence in Australia. TCS, on the other hand, continues to grow its business in India by securing large contracts at home.
Wipro has officially merged Rizing Consulting USA LLC and Rizing LLC as of March 31, 2026. This move is intended to simplify Wipro's organizational structure without affecting the existing ownership distribution.