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Updated · MarketWatch · Apr 28Wipro shares fall 1.66% amid weak stock market session
9 articles · Updated · MarketWatch · Apr 28
- Wipro closed at 201.65 rupees on Tuesday, lagging the BSE SENSEX Index, which dropped 0.54% to 76,886.91.
- Wipro underperformed some competitors, with MphasiS rising 0.24%, Tata Consultancy Services down 0.12%, and HCL Technologies falling 2.62%.
- The stock remains 26.18% below its 52-week high of 273.15 rupees, with trading volume at 837,447, below the 50-day average.
The buyback offers a 19% premium. Is this the best return Wipro shareholders can expect? Is Wipro's massive buyback a sign of confidence or a distraction from its weak growth forecast? Can Wipro's big bet on AI save it from the decline of its traditional IT business? With Wipro betting its future on AI, what happens to its 230,000-strong workforce? As AI deflates legacy contracts, can India's IT giants truly win the new technology race?