Investors holding stocks of Wipro could be in for a surprise. The recent Rs 15,000 crore buyback announced by the firm could give around 14 per cent returns to the shareholders.
As per a Moneycontrol report citing HDFC Securities, investors who are interested in submitting their shares in the short-term can gain around 8-9 per cent on the conservative side and as much as 13-14 per cent on the aggressive side.
The report has used previous trends and expected acceptance ratios to release the report on the potential returns for the buyback of Wipro.
The company has announced a Rs 15,000 crore buyback at Rs 250 per share, which is about 21 per cent over the existing price (April 27) at Rs 205. The company plans to buy back up to 60 crore equity shares through the tender offer route.
As per the regulations of the Securities and Exchange Board of India (SEBI), 15 per cent of the offer size is to be reserved for small shareholders holding shares in the company to a value of Rs 2 lakh as on the record date.
The buyback announcement has also come at a time when the FY 26 results showcased a 12.3 per cent rise in profits. The company reported a consolidated net profit of Rs 3,501.8 crore for the March quarter, down 1.89 per cent year-on-year, while revenue rose 7.6 per cent to Rs 24,236.3 crore. For the full FY26, net profit saw a marginal 0.47 per cent increase to Rs 13,197.4 crore, with revenue standing at Rs 92,624 crore. The firm described the current macroeconomic environment as the 'new normal', marked by geopolitical and policy disruptions.
