Wipro’s ₹15,000‑crore buyback fails to lift shares
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- Wipro announced a ₹15,000‑crore share buyback, yet its stock slipped on Friday.
- Wipro reported a 2% decline in consolidated net profit for the March quarter, missing analyst expectations.
- Brokerages expressed caution due to weaker‑than‑expected performance and revenue headwinds.
Why it matters: Wipro’s stock slipped about 2% on Friday, erasing gains from the buyback and pressuring the IT sector.
