Wipro: Buyback at 19% premium vs ‘lacklustre’ guidance — What’s next for investors
Wipro’s Q4FY26 results were subdued, but the board approved a Rs 15,000 crore share buyback at a 19% premium through the tender offer route, pending shareholder approval. Jefferies has an underperform rating due to lower revenue and profitability, concerns over key business segments and deal momentum, and a cautious near-term outlook.