Wipro Stock Extends Gains as 2% Stake Changes Hands in ₹5,057 Crore Block Deal

Wipro Ltd shares continued their upward trajectory for the second straight session on Tuesday, buoyed by a large block deal in which roughly 2% of the company’s equity changed hands for ₹5,057.5 crore. The stock was last trading at ₹254.10 on the NSE at 2.55PM, up over 1% intraday.

According to exchange data, 20.23 crore shares were transacted at an average price of ₹250 apiece, a marginal 0.05% premium over Monday’s closing price of ₹248.59. The transaction was executed in the second block deal window.

The seller of the stake was identified as Trust, while buyers included Hasham Traders (11.9 crore shares), Prazim Traders (5.95 crore shares), and Prazim Trading and Investment Company Pvt Ltd (2.38 crore shares). All shares were acquired at ₹250 per unit.

The deal has sparked renewed investor interest in the Bengaluru-based IT major, lifting the stock by over 2% across two sessions. Wipro shares have now risen about 5.7% in the past year and delivered long-term gains of 144% over the last five years.

The surge comes amid mixed financial performance. For Q4 FY25, Wipro reported a net profit of ₹3,570 crore, a 26% sequential increase, beating analyst estimates. Revenue came in at ₹22,504.2 crore. However, IT services revenue declined 1.2% QoQ and 2.3% YoY in dollar terms, with a 0.8% drop in constant currency.

The company declared an interim dividend of ₹6 per share, which will serve as the final payout for FY25.

Looking forward, Wipro has guided for a Q1 FY26 IT services revenue range of $2,505–$2,557 million, implying a sequential decline of 1.5–3.5% in constant currency - below Street expectations.

The high-value stake sale, coupled with a resilient bottom line and recent strategic wins like its deal with Entrust in the cybersecurity space, is likely to keep Wipro on investor radar, even as near-term revenue guidance reflects continued headwinds in the global IT services sector.

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