The stock slipped 0.02% to 200.65 rupees on Thursday as the BSE Sensex fell 0.75% to 76,913.50, with trading volume at 937,873 shares.
Wipro closed 26.54% below its 52-week high of 273.15 rupees reached on 22 December.
Among peers, Mphasis rose 1.16%, while Tata Consultancy Services dipped 0.03% and HCL Technologies fell 0.09%; Wipro's volume was below its 50-day average of 1.1 million.
Despite strong profits and record deals, Wipro's stock is falling. What critical risk are investors seeing for its future?
Wipro's record buyback offers a big premium. Is it a value opportunity or a trap given its bleak revenue forecast?