{"id":103643,"date":"2026-06-02T10:47:11","date_gmt":"2026-06-02T05:17:11","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=103643"},"modified":"2026-06-02T10:47:13","modified_gmt":"2026-06-02T05:17:13","slug":"wipro-share-price-rises-june-2-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/","title":{"rendered":"Wipro Share Price Rises 0.55% on 2 June 2026: ServiceNow Agentic AI Expansion and ADR Rally Provide Positive Cues"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p><a href=\"https:\/\/univest.in\/stocks\/wipro\/wipro-ltd-share-price-today\">Wipro<\/a> share price advanced 0.55% to Rs 207.55 on 2 June 2026, up from a previous close of Rs 206.41, as the Nifty IT index rallied 3.19% to 30,807.40 with all 10 of its constituents in the green. The Wipro share price gain reflects both the company&#8217;s specific position in the global enterprise AI spending cycle and the broader institutional reallocation into IT stocks as US platform company earnings validated the Indian IT investment thesis.<\/p>\n<p>Wipro recently expanded its ServiceNow agentic AI implementation partnership. ServiceNow&#8217;s own strong Q1 FY27 results with over 20% revenue growth provide a direct pipeline read-through. Wipro&#8217;s ADR also rallied approximately 18.54% in the prior US session. Beyond this company-specific catalyst, Wipro share price benefits from the structural macro tailwind that all Nifty IT stocks are receiving: a weak Indian rupee against the US dollar mechanically boosts the rupee value of Wipro&#8217;s dollar-denominated revenues without any operational change, making the stock a natural beneficiary of the crude oil and geopolitical pressures that are depressing the broader Indian market.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=wipro-share-price-june-2-2026\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#Wipro_share_price_Key_Market_Data_on_2_June_2026\" title=\"Wipro share price: Key Market Data on 2 June 2026\">Wipro share price: Key Market Data on 2 June 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#What_Is_Driving_Wipro_share_price_Higher_Today\" title=\"What Is Driving Wipro share price Higher Today\">What Is Driving Wipro share price Higher Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#About_Wipro_Business_Model_and_AI_Opportunity\" title=\"About Wipro: Business Model and AI Opportunity\">About Wipro: Business Model and AI Opportunity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#Wipro_share_price_in_Context_The_Nifty_IT_Sector_Picture\" title=\"Wipro share price in Context: The Nifty IT Sector Picture\">Wipro share price in Context: The Nifty IT Sector Picture<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#Frequently_Asked_Questions_on_Wipro_share_price\" title=\"Frequently Asked Questions on Wipro share price\">Frequently Asked Questions on Wipro share price<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#Why_did_Wipro_share_price_rise_055_on_2_June_2026\" title=\"Why did Wipro share price rise 0.55% on 2 June 2026?\">Why did Wipro share price rise 0.55% on 2 June 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#What_is_the_current_Wipro_share_price_and_key_levels_to_watch\" title=\"What is the current Wipro share price and key levels to watch?\">What is the current Wipro share price and key levels to watch?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#What_is_Wipros_business_model_and_how_does_it_benefit_from_the_AI_spending_cycle\" title=\"What is Wipro&#8217;s business model and how does it benefit from the AI spending cycle?\">What is Wipro&#8217;s business model and how does it benefit from the AI spending cycle?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#How_does_Wipro_share_price_compare_to_other_Nifty_IT_stocks_on_2_June_2026\" title=\"How does Wipro share price compare to other Nifty IT stocks on 2 June 2026?\">How does Wipro share price compare to other Nifty IT stocks on 2 June 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#What_are_the_key_risks_to_Wipro_share_price_going_forward\" title=\"What are the key risks to Wipro share price going forward?\">What are the key risks to Wipro share price going forward?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/wipro-share-price-rises-june-2-2026\/#Is_Wipro_share_price_a_good_investment_at_current_levels\" title=\"Is Wipro share price a good investment at current levels?\">Is Wipro share price a good investment at current levels?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Wipro_share_price_Key_Market_Data_on_2_June_2026\"><\/span><strong>Wipro share price: Key Market Data on 2 June 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NSE Symbol<\/td>\n<td>NSE:WIPRO<\/td>\n<\/tr>\n<tr>\n<td>June 2, 2026 Price<\/td>\n<td>Rs 207.55<\/td>\n<\/tr>\n<tr>\n<td>Change on June 2<\/td>\n<td style=\"color: green;\">+0.55%<\/td>\n<\/tr>\n<tr>\n<td>June 1, 2026 Previous Close<\/td>\n<td>Rs 206.41<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 310.0<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 195.0<\/td>\n<\/tr>\n<tr>\n<td>Distance Below 52W High<\/td>\n<td style=\"color: red;\">-33.0%<\/td>\n<\/tr>\n<tr>\n<td>Market Capitalisation<\/td>\n<td>Rs 2.14 lakh crore<\/td>\n<\/tr>\n<tr>\n<td>Analyst Target (Nuvama)<\/td>\n<td>Rs 255 (Buy)<\/td>\n<\/tr>\n<tr>\n<td>Implied Upside to Target<\/td>\n<td style=\"color: green;\">+22.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">3 IT Stocks Building Serious Momentum Right Now<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction stock opportunities, <em>investors pay attention.<\/em><\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Our research team has now shortlisted the <strong style=\"color: #0a0a23;\">Top IT Stocks to Buy<\/strong> based on current market momentum, sector trends &amp; growth potential for 2026.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover IT stocks investors are actively accumulating<\/li>\n<li>High-conviction opportunities backed by research<\/li>\n<li>Designed for the next phase of IT sector growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <strong style=\"color: #3b7fff;\">Top IT Stock Picks<\/strong> now on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=wipro-share-price-june-2026\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Wipro share price live on the Univest Screener.<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_Wipro_share_price_Higher_Today\"><\/span><strong>What Is Driving Wipro share price Higher Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Wipro share price is advancing on genuine fundamental drivers, not sentiment alone. The enterprise AI spending cycle has been confirmed by two consecutive US reporting seasons showing accelerating growth from Salesforce, Snowflake, Workday, and Microsoft Azure, the global platforms that Indian IT companies implement and manage for enterprise clients. For Wipro, wipro recently expanded its servicenow agentic ai implementation partnership, creating measurable revenue pipeline expansion for the company&#8217;s core capabilities.<\/p>\n<p>The Nifty IT index&#8217;s synchronised rally, with all 10 constituents advancing simultaneously on 2 June 2026, signals institutional portfolio rebalancing into the sector after months of underweight positioning during the year-to-date correction. Wipro share price, trading 33.0% below its 52-week high, is a natural target for this reallocation given its combination of improving earnings visibility and attractive entry point relative to recent history.<\/p>\n<p>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> for live IT stock alerts and research.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Wipro_Business_Model_and_AI_Opportunity\"><\/span><strong>About Wipro: Business Model and AI Opportunity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Wipro is India&#8217;s fourth-largest IT company with over 230,000 employees across 65 countries, serving BFSI, consumer, energy, manufacturing, and technology verticals under CEO Srini Pallia&#8217;s ongoing AI-led renewal strategy. The company&#8217;s revenue is primarily denominated in US dollars and euros, making Wipro share price a structural beneficiary of rupee depreciation. Client relationships are typically multi-year in nature, providing revenue visibility that distinguishes IT companies from more cyclical Indian sectors. As enterprise clients move from AI experimentation to full-scale production deployment, the volume and duration of Wipro&#8217;s engagements grow correspondingly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Wipro_share_price_in_Context_The_Nifty_IT_Sector_Picture\"><\/span><strong>Wipro share price in Context: The Nifty IT Sector Picture<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Nifty IT index at 30,807.40 has cleared the 29,650 resistance level and the next resistance stands at 31,280. A sustained break above 31,280 would signal a more durable recovery from the sector&#8217;s approximately 22% year-to-date correction. For Wipro share price specifically, the sector-level institutional support provides an important floor: even if individual company news were to temporarily disappoint, the broader structural preference for IT as a portfolio hedge against crude and rupee volatility would provide support at current levels.<\/p>\n<p>At 33.0% below its 52-week high of Rs 310.0, Wipro share price offers meaningful recovery potential for investors who recognise that the IT sector&#8217;s year-to-date correction was driven by macro factors, FII selling, rupee volatility, and global risk-off sentiment, rather than any fundamental deterioration in the underlying business. The companies themselves, including Wipro, have maintained their order books, client relationships, and margin trajectories through the correction period.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Wipro stock rising 0.55% to Rs 207.55 on 2 June 2026 reflects the company&#8217;s direct participation in the global enterprise AI spending cycle and its structural position as a dollar-earning business in an environment where the rupee remains under pressure. At 33.0% below its 52-week high and with Nuvama&#8217;s target of Rs 255 implying 22.9% upside, Wipro shares offers a meaningful medium-term investment case resting on verifiable fundamental catalysts. Q1 FY27 earnings guidance in mid-July 2026 is the critical next test. This does not constitute investment advice.<\/p>\n<p><em>Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Wipro_share_price\"><\/span><strong>Frequently Asked Questions on Wipro share price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Wipro_share_price_rise_055_on_2_June_2026\"><\/span><strong>Why did Wipro share price rise 0.55% on 2 June 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shares of the company rose 0.55% to Rs 207.55 on 2 June 2026 from a previous close of Rs 206.41, as the Nifty IT index surged 3.19% to 30,807.40. Wipro recently expanded its ServiceNow agentic AI implementation partnership. ServiceNow&#8217;s own strong Q1 FY27 results with over 20% revenue growth provide a direct pipeline read-through. Wipro&#8217;s ADR also rallied approximately 18.54% in the prior US session. The broader catalyst across all Nifty IT stocks was the US enterprise software earnings confirmation from Salesforce, Snowflake, and Workday that enterprise AI spending is accelerating globally.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_current_Wipro_share_price_and_key_levels_to_watch\"><\/span><strong>What is the current Wipro share price and key levels to watch?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The counter is Rs 207.55 on 2 June 2026. The 52-week high is Rs 310.0 and the 52-week low is Rs 195.0. At the current price, This IT stock sits approximately 33.0% below its 52-week high. Nuvama carries a Buy rating with a target of Rs 255, implying approximately 22.9% upside from current levels. Market capitalisation is approximately Rs 2.14 lakh crore. These are analyst projections and not guaranteed returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Wipros_business_model_and_how_does_it_benefit_from_the_AI_spending_cycle\"><\/span><strong>What is Wipro&#8217;s business model and how does it benefit from the AI spending cycle?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Wipro is India&#8217;s fourth-largest IT company with over 230,000 employees across 65 countries, serving BFSI, consumer, energy, manufacturing, and technology verticals under CEO Srini Pallia&#8217;s ongoing AI-led renewal strategy. As enterprise clients shift from AI experimentation to production deployment at scale, they require implementation, customisation, integration, and managed services, exactly the type of work Wipro delivers. The acceleration in US platform company earnings confirmed that this transition is gaining pace, directly expanding Wipro&#8217;s addressable opportunity.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_Wipro_share_price_compare_to_other_Nifty_IT_stocks_on_2_June_2026\"><\/span><strong>How does Wipro share price compare to other Nifty IT stocks on 2 June 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> All 10 Nifty IT index constituents gained on 2 June 2026 as the index rose 3.19% to 30,807.40. Wipro gained 0.55%, participating in the broad sector rally. The top five movers were Infosys at +4.73%, TCS at +4.19%, Mphasis at +3.22%, Coforge at +2.93%, and HCL Technologies at +2.68%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_to_Wipro_share_price_going_forward\"><\/span><strong>What are the key risks to Wipro share price going forward?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Key risks to The Wipro stock include a slowdown in US enterprise technology budgets if Q2 FY27 spending disappoints after the strong Q1 results; rupee appreciation against the US dollar reducing the currency translation tailwind; disappointing Q1 FY27 earnings guidance from the company in mid-July 2026; broader FII selling from US-Iran geopolitical escalation; and US immigration or visa policy changes affecting IT sector talent pipelines. Investors should assess these risks alongside the fundamental positives before making investment decisions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Wipro_share_price_a_good_investment_at_current_levels\"><\/span><strong>Is Wipro share price a good investment at current levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Whether Wipro shares at Rs 207.55 represents a good investment depends on the investor&#8217;s assessment of the enterprise AI spending cycle&#8217;s durability and their individual risk appetite. The stock is 33.0% below its 52-week high, with Nuvama&#8217;s target of Rs 255 implying approximately 22.9% potential upside. The medium-term case for accumulation rests on the global enterprise AI spending tailwind, rupee depreciation benefit, and compressed valuations relative to recent history. Q1 FY27 earnings guidance in mid-July 2026 is the next critical catalyst. Always consult a SEBI-registered financial advisor before investing. This does not constitute investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wipro share price rises 0.55% to Rs 207.55 on 2 June 2026. Nuvama target Rs 255. Nifty IT rallies 3.19% with all 10 stocks gaining. Enterprise AI spending catalyst. 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