Wipro Share Price Falls 8.37% to Rs 181.76 on June 8, 2026 as Rs 15,000 Crore Buyback at Rs 250 per Share Goes Ex-Record Date and Global AI Tech Rout Pressures IT Sector

Wipro share price fell sharply by 8.37% to close at Rs 181.76 on June 8, 2026, hitting a new 52-week low, as the stock traded ex-record date for its historic Rs 15,000 crore buyback announced on April 16 and a simultaneous selloff across the IT sector driven by the global AI tech rout. The stock opened at Rs 193.39, hit an intraday high of Rs 193.89, then declined steadily to close at its session low of Rs 181.76 on exceptional volume of 7.52 crore shares, more than five times the typical daily average, reflecting the mass exit of investors who had bought in pre-buyback-record-date to participate in the tender offer.

The June 5, 2026 record date for Wipro buyback meant that June 8 was the first day shares traded without buyback entitlement. The Rs 250 buyback price offered a significant premium over market prices, attracting buyers who purchased before June 4 and are now exiting after their eligibility is confirmed, creating the characteristic post-record-date correction in the share price.

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Wipro Buyback Parameter	Details
Buyback Price	Rs 250 per share (face value Rs 2)
Total Buyback Size	Rs 15,000 crore (largest in Wipro history)
Shares to be Repurchased	Up to 60 crore equity shares (5.72% of paid-up capital)
Board Approval Date	April 16, 2026
Shareholder Approval	May 21, 2026
Record Date	June 5, 2026 (Friday)
Last Eligible Buy Date	June 4, 2026 (T+1 settlement)
Method	Tender Offer route via stock exchange
Retail Reservation	Rs 2,250 crore (15% of total, up to Rs 2L / ~800 shares)
Promoter Participation	Promoter and promoter group expressed intention to participate
FY26 Final Dividend	Rs 11 per share (alongside buyback announcement)
Payout Ratio FY24-FY26	88% (3-year period, including $1.3B in dividends FY26)

Why Wipro Share Price Fell 8.37% Today: Post-Buyback Ex-Date Dynamics

The sharp 8.37% fall in Wipro share price on June 8 has a clear and well-understood mechanical explanation. In the weeks leading up to the June 5 record date, the Wipro share price had been supported by buying pressure from investors seeking buyback eligibility. With the buyback at Rs 250 offering a roughly 23% premium to the mid-May market price of around Rs 203, investors had a strong financial incentive to accumulate shares before June 4. This created an artificial floor under the Wipro share price in May-June. Once the record date passed, this support structure collapsed entirely: eligibility-driven buyers began exiting, and the stock corrected to reflect its underlying fundamental value in the current IT sector environment, stripping out the buyback entitlement premium.

Wipro Q4 FY26 Results: Revenue Misses, Guidance Disappoints

The Wipro share price was already under pressure from weak Q4 FY26 results declared on April 16, 2026. IT services revenue was $2,651 million, up just 2.1% year-on-year, while net profit came in at Rs 3,521.6 crore, down 1.9% year-on-year. More critically, the Q1 FY27 guidance of $2,597 million to $2,651 million implies flat to -2% sequential growth in constant currency, well below analyst expectations of -1% to +1%. The operating margin held at 17.3%, slightly above expectations, but revenue coming in marginally below the analyst consensus of $2,666 million reinforced the narrative of a slow-growth period for Wipro. The silver lining in Q4 was large deal bookings surging 65.1% quarter-on-quarter to $1.44 billion and full-year FY26 large deal bookings of $16.4 billion, up 14% year-on-year, which points to future revenue conversion potential in FY27.

Wipro Q4 FY26 Metric	Value	YoY Change
IT Services Revenue	$2,651 million	+2.1% YoY (CC)
Gross Revenue (Rs)	Rs 24,240 crore	+7.7% YoY
Net Profit	Rs 3,521.6 crore	-1.9% YoY
EBIT Margin	17.3%	Stable
Large Deal Bookings (Q4)	$1.44 billion	+65.1% QoQ
FY26 Large Deals Total	$16.4 billion	+14% YoY
Q1 FY27 Revenue Guidance	$2,597M to $2,651M	Flat to -2% CC sequential

Global AI Tech Rout Adds Additional Pressure on Wipro

Beyond the buyback mechanics, the global AI technology selloff that began on June 5 (following Broadcom’s guidance miss and the hot US jobs report) has added macro pressure on Wipro share price. The Nifty IT index fell 0.56% on June 8 and has been under sustained pressure from AI trade unwinding globally: the Nasdaq fell 4% on June 5 and South Korea’s Kospi crashed 9% on June 8 as the AI trade reversal hit Asian technology markets. Wipro is not immune to these global IT sector headwinds, particularly as the company itself is navigating a challenging demand environment with flat-to-negative Q1 FY27 guidance.

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Wipro Buyback Process: What Happens Next for Eligible Shareholders

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Shareholders who held Wipro shares on June 5, 2026 (record date) are eligible to tender their shares in the buyback. The tender offer window will open after regulatory approvals are received, and Wipro has indicated the buyback is expected to be completed during Q1 FY27. Under SEBI norms, retail investors holding shares worth up to Rs 2 lakh at the buyback price of Rs 250 (approximately 800 shares) are in the retail category, which has a Rs 2,250 crore reservation (15% of the total Rs 15,000 crore). Eligible shareholders should watch for the formal tender offer opening announcement from Wipro on the BSE and NSE, and consult their broker or a SEBI-registered financial advisor regarding the tax treatment of buyback proceeds under the revised FY26 tax rules.

Conclusion

Wipro share price fell 8.37% to close at Rs 181.76 on June 8, 2026, a new 52-week low, driven by the mechanical post-record-date exit of buyback-eligibility-driven buyers and an amplifying global AI tech sector selloff. The Rs 15,000 crore buyback at Rs 250 per share (Wipro’s largest ever) remains a significant capital return event, with eligible shareholders awaiting the tender offer window. The fundamental challenges of flat to -2% Q1 FY27 guidance remain, though Wipro’s large deal pipeline of $16.4 billion in FY26 provides a forward-looking growth indicator. This article does not constitute investment advice. Verify all prices at nseindia.com before making decisions.

Frequently Asked Questions on Wipro Share Price and Buyback

Why did Wipro share price fall 8.37% today on June 8, 2026?

Ans. Wipro share price fell 8.37% to Rs 181.76 on June 8, 2026 due to two reasons: 1. Post-record-date correction: June 5 was the record date for Wipro’s Rs 15,000 crore buyback at Rs 250 per share. Investors who bought before June 4 for buyback eligibility are now exiting after their entitlement is confirmed, removing the artificial buying support. 2. Global AI tech selloff: The Nasdaq fell 4% on June 5 due to Broadcom’s guidance miss and hot US jobs report, adding sector-wide selling pressure on IT stocks.

What is Wipro’s Rs 15,000 crore buyback?

Ans. Wipro’s Rs 15,000 crore buyback is the company’s largest-ever share repurchase, offering Rs 250 per share for up to 60 crore equity shares (5.72% of paid-up capital) via a tender offer. The board approved it on April 16, 2026, shareholders approved it on May 21, and the record date was June 5, 2026. The buyback price of Rs 250 represented approximately a 23% premium over Wipro’s pre-announcement market price of around Rs 203.

What was Wipro Q4 FY26 result?

Ans. Wipro Q4 FY26 IT services revenue was $2,651 million (+2.1% YoY), gross revenue Rs 24,240 crore (+7.7% YoY), and net profit Rs 3,521.6 crore (-1.9% YoY). EBIT margin was 17.3%. Large deal bookings surged 65.1% QoQ to $1.44 billion. Full-year FY26 large deal bookings were $16.4 billion (+14% YoY). The Q1 FY27 guidance of flat to -2% sequential constant currency growth was weaker than analyst expectations.

Who is eligible for Wipro buyback?

Ans. Shareholders who held Wipro shares in their demat accounts as of the record date June 5, 2026 are eligible to participate in the buyback. Retail investors holding shares worth up to Rs 2 lakh at the buyback price of Rs 250 (approximately 800 shares or fewer) are in the retail category, which has a Rs 2,250 crore reservation. Wipro has stated that promoters and promoter group members intend to participate. Shares purchased on or after June 5 (ex-date) are not eligible.

What is Wipro Q1 FY27 guidance?

Ans. Wipro Q1 FY27 IT services revenue guidance is $2,597 million to $2,651 million, implying flat to -2% sequential growth in constant currency. This was weaker than analyst expectations of -1% to +1% CC growth. The cautious guidance reflects ongoing challenges in enterprise IT spending, geopolitical uncertainty from the US-Iran war, and AI-led demand shifts. The full-year guidance for FY27 has not been provided, but the Q1 guidance sets a cautious tone.

What is Wipro FY26 dividend?

Ans. Wipro declared a final dividend of Rs 11 per share for FY26, announced alongside the buyback on April 16, 2026. The company had paid interim dividends during FY26 as well. In FY26, Wipro distributed around $1.3 billion to shareholders through dividends, with a 3-year payout ratio (FY24-FY26) of 88%, significantly exceeding its stated capital return commitment.

Will Wipro share price recover from today’s fall?

Ans. Wipro share price recovery depends on: the tender offer window opening for the Rs 15,000 crore buyback (which will support prices at Rs 250 for eligible shares); improvement in IT sector demand environment; Q1 FY27 actual results vs the flat to -2% guidance (any positive surprise could re-rate the stock); and global IT sector sentiment recovering from the current AI rout. The large deal pipeline of $16.4 billion in FY26 is the key medium-term positive. This is not investment advice.

What is Wipro’s 52-week high and current share price?

Ans. Wipro’s 52-week high is approximately Rs 280 (in mid-2025) and the 52-week low is now Rs 181 (June 8, 2026 closing price, a new low). The current share price is Rs 181.76 as of June 8, 2026, down 8.37% from the previous close of Rs 198.37. The stock is down approximately 24% in 2026 year-to-date. Verify the exact 52-week range at nseindia.com.