Wipro Ltd, India’s fourth-largest IT firm headquartered in Karnataka, saw 2% of its equity—worth ₹5,057.5 crore—exchanged in a block deal on June 9, 2025. The stock rallied following the transaction.
Shares of Wipro Ltd, a leading Indian IT services company headquartered in Karnataka, gained over 1% on June 9 following a major block deal on Indian bourses. Around 20.23 crore shares, representing approximately 2% of the company’s equity, were exchanged for ₹5,057.5 crore during the second block deal window.
The shares were traded at ₹250 apiece, slightly higher than the previous close of ₹248.59. By 2:50 PM, Wipro’s stock had risen to ₹251.38 on the National Stock Exchange, up by 1.1%.
Though the buyers and sellers involved in the block deal were not disclosed, the transaction drew investor attention due to its scale and timing. The block trade was executed during the special second window between 2:05 PM and 2:20 PM.
Wipro, known for its AI-powered technology services and consulting, recently won a multi-year deal with Entrust, a global identity-centric security solutions company. As part of the agreement, Wipro will offer scale and strategic expertise to accelerate Entrust’s growth.
In its recent earnings for Q4 FY25, Wipro reported a 6.4% sequential growth in net profit to ₹3,569.6 crore, while gross revenue increased slightly to ₹22,504.2 crore. The company declared an interim dividend of ₹6 per share, which will now be treated as the final dividend for FY25.
For Q1 FY26, Wipro has guided its IT services revenue between $2,505 million and $2,557 million, indicating a sequential decline of 1.5% to 3.5% in constant currency terms. The company’s Q4 revenue stood at $2.60 billion, reflecting a 1.2% quarter-on-quarter and a 2.3% year-on-year decline.
Despite recent pressure on growth, investor sentiment appears optimistic, especially with strategic wins like the Entrust partnership and increased trading activity around the stock.
