Shares of Wipro extended their gaining streak for the ninth straight session on Tuesday, rising more than 11% during the period as investors accumulated the stock ahead of the record date for the company’s ₹15,000 crore buyback programme.

The IT services major has fixed June 5, 2026, as the record date to determine shareholders eligible to participate in the buyback offer, which is priced at ₹250 per share, a premium of nearly 21% to the stock’s previous closing price of ₹206.80 on the BSE.

Continuing its upward momentum, Wipro shares climbed as much as 0.9% to ₹208.65 on the BSE today, taking the company’s market capitalisation to ₹2.17 lakh crore. The stock has rallied around 11.1% since May 13.

The IT heavyweight had touched a 52-week high of ₹273.15 on December 22, 2025, and a 52-week low of ₹186.50 on March 30, 2026.

In an exchange filing last Friday, Wipro said June 5, 2026, has been set as the record date for identifying equity shareholders eligible for the proposed buyback.

Earlier, on April 16, the company’s board approved a proposal to repurchase up to 60 crore fully paid-up equity shares with a face value of ₹2 each, representing nearly 5.7% of its total paid-up equity capital, for a total consideration of up to ₹15,000 crore at ₹250 per share. Shareholders approved the buyback proposal on May 21.

Analyst recommends a tactical "Buy" for retail investors

According to analysts at HDFC Securities, 15% of the total buyback size, amounting to nearly ₹2,250 crore, has been reserved for small shareholders holding shares worth up to ₹2 lakh as of the record date.

“Given this track record of outperformance and the prospect of stable returns amidst current market volatility, the acceptance ratio is expected to remain significantly higher. Consequently, we recommend a tactical "Buy" for retail investors looking to optimise short-term capital allocation by participating in the upcoming offer,” it said in a note.

Existing shareholders of Wipro, including those who convert American Depository Receipts (ADRs) into underlying equity shares before the record date, will be eligible to participate in the buyback offer. The promoter and promoter group are also expected to participate.

Wipro’s previous buyback was announced in 2023, when the company offered ₹445 per share under a ₹12,000 crore repurchase programme. The buyback price at the time represented a premium of 15.38% over the weighted average market price of the preceding 60 trading days and 21.8% over the average of the previous 10 trading days before the announcement.

Analysts at Motilal Oswal Financial Services said the current buyback proposal is broadly in line with Wipro’s past repurchase programmes, which typically covered 4–5% of the company’s equity base. They noted that full execution of the buyback could result in mid-single-digit earnings-per-share accretion. “Combined with dividends, the three-year payout ratio stands at 88%, above its stated policy,” the brokerage said in its earnings note.

Meanwhile, analysts at Nomura said the latest buyback and capital allocation strategy places Wipro at par with its larger peers in the Indian IT sector. They highlighted that the buyback price implies a premium of nearly 19% over the prevailing market price. “With an interim dividend of ₹11 and the buyback, the total return of capital to shareholders is around 88% for the three-year period ending FY26, making it in line with its larger Indian peers,” the report stated.

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