Wipro share price declined nearly 1 per cent as Thursday marks the last day for investors looking to participate in IT services major Wipro's share buyback worth Rs 15,000 crore to purchase the shares of the company latest by today before the stock goes ex-record date for the corporate action on Friday.

The stock was trading around Rs 203, giving the buyback price of Rs 250 per share a premium of about 23 per cent over the current market price.

The company has fixed June 5, 2026, as the record date to determine shareholder eligibility for the buyback, which is the largest in Wipro's history and the first in nearly three years. The proposed buyback size represents about 7.04 per cent of the company's market capitalisation and 5.7 per cent of its paid-up equity share capital, with plans to repurchase up to 60 crore shares. As per SEBI regulations, 15 per cent of the buyback is reserved for small shareholders, a factor typically watched closely for acceptance ratios.

Wipro's cash position stood at Rs 10,555.5 crore as of March 31, 2026, providing support for the buyback plan, which is expected to be completed in the first quarter of FY27. In its last buyback in 2023, worth Rs 12,000 crore at Rs 445 per share, retail participation stood at 1.28 times, while promoter holding saw a marginal increase post the exercise.

Wipro Share Price

Wipro's stock has delivered modest gains in the very short term, slightly outperforming the broader market over the past week and month. The stock rose 0.78 per cent in the last week compared to a 2.17 per cent decline in the Nifty 50, and gained 1.20 per cent over one month versus a 3.03 per cent fall in the benchmark index.

However, the performance has been significantly weaker over a longer horizon this year. On a year-to-date basis, Wipro has declined 24.01 per cent, underperforming the Nifty 50 which is down 10.55 per cent during the same period. The underperformance extends to the one-year timeframe as well, where the stock has fallen 17.71 per cent compared to a 5 per cent decline in the index.

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Over the medium to long term, Wipro has remained largely flat over three years with a marginal 0.33 per cent gain, lagging the Nifty's 26.19 per cent rise. Over five years, the stock has declined 24.93 per cent, in stark contrast to the benchmark's strong 49.26 per cent return.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)