Wipro has seen a steady increase for nine straight days, marking an impressive run in the market. Shareholders should take note that the record date for the company's upcoming buyback plan is scheduled for June 5th.

Today's stock market watchlist includes key companies like Suzlon Energy, Wipro, Hindalco, ICICI Bank, and Eicher Motors. These stocks are expected to garner attention due to potential market movements.

Wipro has announced a buyback worth INR 15,000 crore at INR 250 per share, offering a 19% premium over the previous closing price. However, the IT company anticipates a potential drop of up to 2% in revenue for Q1 FY27 due to global challenges, despite posting strong results in Q4 FY26.

Wipro has announced a share buyback program with a total value of INR 15,000 crores ($2 billion), priced at INR 250 per share. Eligibility for this program will be determined on June 5, 2026.

Despite a 7.7% year-over-year increase in Q4 sales for Wipro, reaching INR 24,236.3 crore, the company's net profit decreased by 1.9% to INR 3,501.8 crore. EBITDA dipped by 0.8%, and EPS fell to Rs 3.34. Despite these declines, Wipro still managed to deliver strong 6-month (20.7%) and annual (22.5%) returns.

The competitive landscape in the IT sector is shifting as AI allows mid-sized firms like Coforge and Mphasis to compete more effectively due to their agility and cost efficiency. However, these mid-caps faced a 10% decrease in large contract wins compared to FY26's growth of 12% among larger IT companies.

The Bombay Stock Exchange (BSE) has experienced a 7% increase in share prices within two days due to the anticipation of its inclusion in the Nifty50 index. There are rumors that Wipro may exit the Nifty50 to allow for BSE's entry, fueling market speculation. [The Economic Times]

Wipro could potentially be replaced in the Nifty50 index by BSE, according to an Axis Capital report, which may attract approximately $657 million in funds as a result of this change.

The Nifty Next 50 portfolio might see new additions such as Wipro, Polycab, Hitachi Energy, Indian Bank, and ICICI Pru AMC, potentially attracting around $212 million in investments. Conversely, the exit of companies like Indian Hotels, REC, Shree Cement, Zydus Lifesciences, and Lodha may lead to a possible outflow of approximately $202 million, according to Axis Capital's analysis.

It seems that the Business Standard (BSE) is poised to enter the Nifty 50 index by September 2026, potentially replacing Wipro. This change is due to alterations in the AI sector and the significant growth (60%) of BSE compared to Wipro's decline (24%).

Wipro strengthens its AI capabilities with the purchase of Olam Group's IT and digital services business, Mindsprint, bringing on board approximately 3,200 professionals to enhance their supply chain solutions.

Wipro has accelerated its timeline and successfully completed the acquisition of Mindsprint Pte. Ltd., a move that was originally scheduled for June 30, but concluded on May 15, 2026. This earlier-than-expected closure underscores Wipro's commitment to expediting growth and strengthening its capabilities.

Wipro initiated a significant 15,000-crore share buyback in April, followed by Bajaj Auto with a 5,632-crore buyback in May. Other companies such as Aurobindo Pharma, Kajaria Ceramics, and Cyient have also recently announced similar measures, signaling a wave of large-scale share repurchases among these businesses.

Tech stocks have experienced a notable decline as mutual funds trim their holdings, marking an eight-year low in technology allocations. Notable tech companies like Infosys, HCL Technologies, and Wipro have seen significant reductions in their fund holdings.

In the financial year 2026, leading IT companies distributed a substantial ₹1.3 trillion to their shareholders through dividends and buybacks, demonstrating resilience amid AI challenges, with notable contributors being TCS, Infosys, and Wipro among others.

The Nifty IT index experienced a 3.6% drop, reaching a three-year low due to concerns over weak earnings expectations for Q4. HSBC's analysis points towards the increased spending on artificial intelligence as a factor potentially crowding out traditional IT services.

Indian tech companies such as TCS, Infosys, Wipro, and HCLTech experienced a 3% dip due to the combination of factors including AI-related disruptions, revenue decline, a broader tech selloff, and valuation concerns, causing sector pressure.

The upcoming budget aims to enhance corporate buybacks by improving tax efficiency, benefiting sectors such as IT and pharmaceuticals due to robust cash flows and minimal debt. Notably, Wipro has announced a Rs 15,000 crore buyback, with pharma companies like Aurobindo and Windlas also planning significant premium buybacks.

Wipro and the IT sector are experiencing modest salary increases and margin compression as the April cycle winds down, with employee uncertainty about when further pay rises might come. (The Times of India)

Wipro is capitalizing on increased demands for cloud migration and automation driven by AI, aiming for improved efficiency. Outsourcing technology to global IT firms like Wipro helps businesses tackle skill gaps and manage costs effectively.

Cognizant has decided to scale back on shareholder payouts, instead funneling funds towards strategic AI acquisitions such as 3Cloud and Astreya. This shift in capital allocation mirrors the growing focus on technology within the IT services sector, as indicated by varying cash return trends from TCS, HCLTech, Infosys, and Wipro.

Goldman Sachs has lowered its rating on Infosys, TCS, and Tech Mahindra, suggesting they're overvalued and experiencing a slowdown. However, the firm has upgraded Wipro due to its appealing valuations and growth prospects, despite wider IT sector challenges, particularly in Europe and discretionary spending areas.

The tech giants TCS, Infosys, HCLTech, and Wipro showcased robust earnings in Q4FY26, with a significant focus on Artificial Intelligence (AI). Notably, TCS experienced a 29% profit surge. Wipro also announced a buyback worth Rs 15,000 crore, while Infosys and HCLTech highlighted the growth in their AI-related ventures.

Wipro anticipates a weak start to its fiscal year 2027, predicting little to no change in revenue compared to the previous year, according to Q1 projections. Meanwhile, Infosys and HCL Tech forecast modest growth of 1.5%-3.5% and 1%-4%, respectively, for their fiscal year 2027.

IT giants such as Infosys, HCL Tech, Wipro, and TCS experienced a dip today due to long position unwinding by traders on the expiry day of Futures & Options (F&O). Infosys saw a 1.6% drop in its futures price to Rs 1,156.9, followed by HCL Tech falling 1.9% to Rs 1,210.1. Wipro also dropped slightly, reaching Rs 204.9 with lower open interest.

Wipro's shares have climbed 1.5% to ₹202.36 following an AI partnership with Kongsberg Digital, but the company remains 24% lower than its year-to-date value due to ongoing challenges in the IT sector, including economic uncertainties and budget constraints.

Wipro and Kongsberg join forces for AI solutions in the energy sector, while Mastek announces a building sale worth INR 60 crore. Paytm clarifies RBI's decision to cancel their PPBL license, NLC India secures a mining license in Chhattisgarh, and Ampvolts partners with Cholamandalam for EV hub development.

India's leading tech companies like TCS, Infosys, and Wipro confronted macroeconomic pressures and structural shifts driven by AI during FY26. Geopolitical risks in the Middle East and the evolving role of AI presented a mix of challenges and opportunities for these IT giants.

IT industry laid off approximately 7,000 employees in FY26, attributable to uncertainties in demand and increasing influence of AI. Hiring recovery experienced a setback due to extended decision-making processes affecting employee count. (The Times of India)

Mehul Kothari of Anand Rathi suggests ABFRL, Canara Bank, and Wipro as potential short-term investments below ₹200. The Nifty 50 is expected to bounce back from the support zone around 23,600-23,500, while Bank Nifty anticipates recovery following a corrective phase.

Wipro has teamed up with Kongsberg Digital to provide advanced AI digital twin solutions, aiming to improve efficiency, safety, and robustness in intricate asset-heavy industries. This collaboration could bring significant benefits by leveraging the latest AI technology.

Wipro has announced a share buyback worth INR 15,000 crore at a price of INR 250 per share. The record date for shareholder eligibility is still undeclared, with brokerages already evaluating potential returns from this move.

This week, Indian IT giants like Infosys, TCS, Wipro, HCLTech, Tech Mahindra, and Persistent Systems reported their Q4 FY26 results. The focus has been on dividend payments, expanding digital growth, investments in AI, and increasing global delivery capacity to tackle economic challenges.

In March, Wipro was one of 18 stocks sold off by seven mutual funds, according to a report by Nuvama. Notably, HDFC Mutual Fund completely divested from three different stocks during the same period.

The Sensex surged by 505 points to reach 78,494, boosted by broader market growth. However, Wipro took a 3% hit following their Q4 results. Elsewhere, the Nifty Bank index saw a rise of 479 points, and the Midcap index experienced an increase of 751 points.

Wipro's planned ₹15,000 crore buyback fails to garner enthusiasm from investors due to a third successive year of declining revenues, which has negatively affected market sentiments.

ICICI Securities maintains a neutral stance towards Wipro, recommending investors not to buy or sell the stock currently, with a price of Rs. 204.35 as its current market value.

Wipro surpasses $10.5 billion in revenue for the fiscal year 2026, with AI deals making up a significant $1 billion contribution, signifying the success of their strategic initiatives.

Wipro's Q4 performance fell short, prompting Jefferies to maintain an 'Underperform' rating with a target price of ₹180. The Harman acquisition may boost growth somewhat, but margin expectations remain stable within a specified range.

Wipro predicts minimal growth of 0%-2% for Q1FY27, while HDFC Life reported an after-tax profit of approximately ₹5,254 crore in Q4FY26. Meanwhile, Rail Vikas Nigam Limited (RVNL) has secured a new rail project bid, Axis Bank is planning to discuss an equity fundraise, and VST profits have doubled in the recent financial period.