Buyback Alert: India’s 4th Largest IT Company to Consider Buyback on April 16, 2026; Stock Trades Near 52-Week Low

DSIJ Intelligence/ 10 Apr 2026 /Categories: Mindshare, Trending

Buyback Alert: India’s 4th Largest IT Company to Consider Buyback on April 16, 2026; Stock Trades Near 52-Week Low

Wipro to consider a share buyback proposal at its April 15- 16 board meeting, according to an exchange filing dated April 9, 2026.

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On Thursday, Indian markets closed on a weak note, with the Nifty 50 declining 0.93 per cent to 23,775.10, down 222.25 points from the previous close. The Nifty IT index also ended lower, falling 0.22 per cent to 31,636.20. Among IT stocks, Wipro closed at Rs 202.87, down 0.27 per cent from its previous close of Rs 203, with the stock trading near its 52-week low levels even as the company considers a buyback proposal.

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Wipro Board to Consider Buyback Proposal

Wipro stated that its Board of Directors will consider a proposal for the buyback of equity shares at a meeting scheduled over April 15-16, 2026. The proposal will be evaluated in accordance with the Companies Act, 2013 and SEBI Buyback Regulations, along with other applicable laws.

The company added that the outcome of the board meeting will be communicated to the stock exchanges after the conclusion of the meeting on April 16, 2026. The filing was made to BSE, NSE, and the New York Stock Exchange.

Wipro Share Price Performance

Wipro's share price closed at Rs 202.87 compared to the previous close of Rs 203, declining 0.27 per cent. The stock has delivered a negative return of 14.26 per cent over one year and 14.71 per cent over two years, while it has gained 8.72 per cent over the past three years. The stock has traded in a 52-week range of Rs 272.50 to Rs 187.50. The company has a market capitalisation of Rs 2,12,780 crore.

About Wipro

Wipro Limited is a global technology services and consulting company with operations across six continents. The company offers a comprehensive range of services, including IT services, cloud computing, cybersecurity, digital transformation, engineering, and business process solutions.

It caters to clients across multiple industries such as Banking and financial services, healthcare, energy, consumer goods, and telecommunications, supporting enterprises in improving efficiency and adopting advanced technologies. Wipro continues to focus on areas like artificial intelligence, data analytics, and automation to drive innovation and business transformation.