Wipro shares jump 5% after ADRs rally 18% overnight on AI deal with ServiceNow

Shares of Wipro surged nearly 5% in early trade on Friday after the IT major announced an expanded partnership with ServiceNow to scale agentic AI workflows across enterprise functions such as IT, HR, procurement, and cybersecurity.

Cheering the news, Wipro shares jumped as much as 4.76% to ₹211.20 on the BSE. After falling nearly 2% in the past two sessions, Wipro shares opened higher at ₹210.20, up 4.2% against the previous closing level. At the time of reporting, the IT heavyweight was trading 1.91% higher at ₹205.45, with a market capitalisation of ₹2.16 lakh crore.

The rally follows a sharp overnight surge in Wipro’s American Depositary Receipts (ADRs), which jumped 18.54% to $2.430 on the NYSE after the partnership announcement. Indian markets were shut on Thursday on account of the Bakri Eid holiday.

At the current level, Wipro shares remain about 24.8% below their 52-week high of ₹273.15 touched on December 22, 2025. However, the stock has rebounded nearly 10.2% from its 52-week low of ₹186.50 hit on March 30, 2026.

Focus on enterprise AI execution

In an exchange filing on May 28, Wipro said it has expanded its collaboration with California-headquartered ServiceNow AI Platform. As part of the deal, Wipro will integrate its Wipro Intelligence suite with the ServiceNow AI Platform to help enterprises automate workflows, improve operational visibility, and reduce manual coordination across business functions.

“By reducing manual coordination and improving visibility into how work progresses across core functions, enterprises can accelerate turnaround times while strengthening accountability and operational governance,” the IT major said in the release.

Some of the key solutions under the partnership include SmartProcure for procurement automation, Telco Autonomous Networks for telecom service operations, and Cyber Transform for cybersecurity workflow management, the release noted.

“AI isn’t new to enterprises, but connected, governed, and outcome-driven AI is,” said Amit Zavery, President, COO and Chief Product Officer at ServiceNow.

“That’s what this partnership makes real. When agentic AI runs inside secure workflows, ideas start delivering real results and the agentic enterprise becomes possible,” he added.

Malay Joshi, CEO of Wipro Americas 1 Strategic Market Unit, said the partnership aims to help enterprises move from AI ambition to execution at scale through industry-aligned AI solutions. “For most enterprises, the real challenge with AI is not ambition, but execution at scale. Our expanded partnership with ServiceNow is designed to bridge that gap through a consulting-led, AI-powered approach that translates business priorities into industry-aligned AI solutions.”

“Together with Wipro Intelligence, we are helping clients streamline operations, drive measurable outcomes, and scale AI adoption with the right governance and controls in place,” he said.

As per the release, the collaboration is expected to enhance workflow governance, improve turnaround times, and accelerate enterprise AI adoption with built-in operational controls. With the expanded partnership, clients are expected to benefit from a unified experience for submitting and managing work requests across enterprise functions, it added.

The deal will also enable policy-aligned execution, with governance and auditability embedded into workflow design. In addition, enterprises can improve cycle times by reducing manual coordination and handoffs, while gaining clearer operational visibility into process status, ownership, and completion across functions, Wipro said.

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