TL;DR
Wipro share price surged nearly 5% on May 29, 2026. After the company announced an expanded AI partnership with ServiceNow and its ADRs soared 18.54% on NYSE overnight. Shareholders must also keep a notice of the upcoming ₹15,000 crore buyback.
Introduction
The Wipro share price caught the attention of the investors as the stocks rallied sharply on Friday, May 29, 2026. It was an impact of a powerful combination of a landmark AI deal and a historic surge in its US-listed ADRs.
For both existing shareholders and investors watching from the sidelines, this is a pivotal moment worth understanding in detail.
Wipro Share Price Movement Today
Wipro’s share price increased to ₹211 per share after rallying as much as 4.67% on the NSE in early trade on May 29, 2026. Tracking a sharp overnight rally in the company’s American Depositary Receipts (ADRs) in the US market.
The stock Wednesday closed at ₹201.58 on BSE, before paring some gains to trade around ₹205-206 range by mid morning. On BSE, the intraday high registered was ₹211.20 with the 52-week range for the stock standing between ₹186.50 and ₹273.10. (Hindu Business Line)
Wipro Share Price
Source: BSE
What Triggered the Rally?
The main reason behind this sharp move in the Wipro share price was a result of the major strategic announcement which was made on May 28, 2026.
Wipro announced an expanded partnership with ServiceNow to implement and scale agentic AI workflows across crore enterprise functions-including IT, HR, procurement, and cybersecurity.
Under this deal, Wipro will integrate Wipro Intelligence, its unified suite of AI- powered platforms, with the ServiceNow AI platform.
This integration aims to reduce manual coordination, improve operational visibility, and accelerate enterprise turnaround times.
The deal triggered a massive reaction in US markets, where Wipro’s ADRs surged as much as 21% intraday on NYSE, eventually settling 18.54% higher at $2.43, marking their biggest single-day gain since October 2008. (India Today)
The ₹15,000 Crore BuyBack-A Landmark Event
Beyond the AI deal, Wipro shareholders have another major catalyst to watch:
Wipro announced a record date of June 5, 2026 for its largest-ever share buyback of ₹15,000 crore.
The buyback included repurchasing of 60 crore equity shares. This is 5.7% of total paid-up equity capital at a fixed price of ₹250 per share via the tender offer route.
The board approved the buyback on April 16, 2026 and shareholders gave their formal approval on May 21, 2026.
This means any investors holding Wipro shares as of June 5, 2026 will be eligible to participate in the buyback.
Wipro Q4 FY 26 Financial Highlights
Here is a quick snapshot of Wipro’s latest quarterly
Metric | Q4 FY26 | Q4 FY25 | Change |
Net Profit | ₹3,501.8 Cr | ₹3,569.6 Cr | ↓ 1.89% YoY |
Revenue | ₹24,236.3 Cr | ₹22,504.2 Cr | ↑ 7.6% YoY |
IT Services Revenue | $2,651 Mn | — | ↑ 2.1% YoY |
QoQ Profit Growth | +12.2% | — | — |
QoQ Revenue Growth | +2.8% | — | — |
Q1 FY 27 Guidance
For Q1 FY 27 (quarter ending June 30, 2026), Wipro has guided revenue from its IT Services business in the range of $2,597–$2,651 million. It implies sequential growth of (-) 2.0% to 0% in constant currency system terms. CEO Pallia attributed the soft guidance to specific client issues in the Americas and delayed deal ramp-ups, along with the traditional seasonal weakness in Q1.
Conclusion
While today’s rally in Wipro share price is engaging, the real story is structural. Wipro is no longer just riding a buyback wave or a short term deal bounce. The company is repositioning itself at the center of the enterprise agentic AI revolution.
The ServiceNow partnership is a statement of strategic intent. For long term shareholders, the convergence of a landmark AI alliance and a historic buyback paints the company’s picture of active transformation. The current dip from its 52 week high of ₹273 may represent an opportunity rather than a concern.
FAQ
Why did the Wipro share price grow all of sudden?
Right after Wipro declared its AI partnership with ServiceNow on May 28, 2026, the share price surged nearly 5%.
How is the Wipro buyback priced?
Wipro share buyback is priced at ₹250 per share. The total buyback size is ₹15,000 crore.
What is the current Wipro share price?
As on date, the share price is trading around ₹204-206 right after the gain signalled.
Why did Wipro partnered with ServiceNow?
The partnership is about deploying Agentic AI workflows across different enterprise functions such as IT, HRand cybersecurity.
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