Wipro

The Nifty IT Index decreased by 2% on June 8, primarily due to significant losses in major stocks, particularly Wipro. Conversely, Tech Mahindra and a few others showed gains, helping to soften the index's drop.

Wipro share price touched an intraday high of ₹196.40 per share on NSE today. Here's share buyback details, along with the share price trend.

In the US market, Wipro’s American Depositary Receipt (ADR) surged more than 18% on Thursday. Wipro ADR price rallied 18.54% to $2.43 on NYSE. During the session, Wipro ADR spiked over 21% to an intraday high of $2.49.

Wipro ADR jumped after the IT major announced its expanded partnership with ServiceNow to implement and scale the impact of agentic AI workflows across core enterprise functions such as IT, HR, procurement, and cybersecurity.

Wipro share price has risen 4% in one month, but the stock has fallen 23% on a year-to-date (YTD) basis. The IT stock has declined over 17% in one year and has dropped 11% in two years. Over the past three years, Wipro shares have risen just 3%, while they have fallen over 21% in five years.

The Nifty IT index gained almost 1% to rise to the day's high of ₹29,177.80 apiece, with all index constituents in the green. The IT pack rose 4.31% last week, though it remains flat with a negative bias for the month so far.

Wipro has set June 5, 2026, as the record date for its ₹15,000 crore share buyback, the largest in its history, aiming to repurchase 60 crore equity shares at ₹250 each. This follows previous buybacks and is part of its strategy to return excess cash.

TCS CEO K Krithivasan earned over ₹28 crore in FY26, up 6.3%, driven mainly by performance-linked pay. His compensation is about 333 times the median employee salary. Compared to peers, he ranks mid-tier among IT CEOs, with industry-wide executive pay and inequality continuing to rise.

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