NEW DELHI: Despite being one of the worst-performing Nifty stocks, Wipro‘s Rs 12,000 crore-share buyback programme has ended up giving double-digit returns to retail investors. The final acceptance in retail quota, defined by those with investments less than Rs 2 lakh in the counter, has been finalised at 77.4%. For example, those who had 500 … Read more
Shares of IT major Wipro, which is the worst Nifty performer in the last one year, are under the radar today as its Rs 12,000 crore share buyback could deliver smart returns to small investors. Today is the last day to buy Wipro shares to be eligible to participate in the buyback as the record … Read more
NEW DELHI: Wipro‘s Rs 12,000 crore share buyback program helped investors overlook the IT major’s weak outlook for Q1 FY24 as the shares rallied 3.6% on Friday. At 15X FY25 EPS, the stock is not yet cheap enough to warrant a re-look but it may hold up in the short term courtesy of buyback, analysts … Read more
Shares of Bengaluru-based IT major Wipro rose nearly 3% to Rs 378 in Monday’s trade after the company announced that it will consider a share buyback proposal on April 27 along with the release of its March quarter report card. In a regulatory filing, Wipro said its board of directors will consider a proposal to … Read more
NEW DELHI: Bengaluru-based IT major today announced that it will consider a share buyback proposal on April 27 along with the release of its March quarter report card. In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at a … Read more