Wipro Shares Jump 3.48% as IT Stocks Rally on Fed Rate Cut Hopes, HARMAN DTS Deal

Bengaluru, August 25, 2025 – Shares of Wipro Limited (NSE: WIPRO, BSE: 507685, NYSE: WIT) hiked 3.48% hitting an intra-day high of ₹257.29 on Monday, gaining ₹8.65. The stock was mostly riding on the broader strength in the IT sector as the economy witnessed some positive cues of global support, especially for the Indian IT industry. In addition to the same, the company also made an announcement regarding HARMAN’s Digital Transformation Solutions (DTS).

Market Performance Snapshot

On 25 August 2025, Wipro Limited closed at ₹254.40, marking a 2.32% gain from its previous close of ₹248.64. The stock opened at ₹250.60, touched a high of ₹257.29, and a low of ₹250.60 during the session, with the VWAP at ₹255.03.

Full-day trading was active, with a volume of 163.91 lakh shares and a turnover of ₹418.02 crore. The company’s market capitalization stood at ₹2,66,693.71 crore, while the free-float market cap was ₹72,368.67 crore. Delivery volume was 31.29%, indicating a healthy mix of trading and investment activity.

Positive Global Market

The global market is expecting a potential rate cut in September, which has sparked positive momentum in the global market, also influencing Indian IT stocks, including Wipro. The cut was suggested by Fed Chair Jerome Powell, US Federal Reserve, at Jackson Hole where they hinted at policy easing to support employment. The comment triggered sharp gains on Wall Street.

Acquisition Drive

Apart from positive global sentiment, Wipro stocks might have also gained from its recent announcement of acquiring HARMAN’s Digital Transformation Solutions (DTS) business unit. The move is aimed at strengthening its engineering R&D and AI-led digital services footprint across technology, aerospace, healthcare, industrial, and consumer sectors. The deal involves the transfer of over 5,600 employees and is expected to close by December 31, 2025, subject to regulatory approvals.

Forward-Looking Risks & Statements

The company made a press release regarding the acquisition that included a forward-looking statement disclaimer that noted risks like integration challenges, global competition in IT services, wage cost pressures, and regulatory uncertainties. The disclaimer underscored that while the acquisition is promising there still might be some execution risks.

ESOP Allotment

In another release dated August 20, 2025, the company informed that it allotted 98,138 equity shares under the Restricted Stock Unit Plan 2007 pursuant to employee stock option exercises. The allotment was formally communicated to stock exchanges, confirming compliance and transparency.

Outlook and Investor Takeaway

Wipro’s strong session was built on both global influence and company-specific developments. However, the sustainability of gains will depend on how effectively it integrates the HARMAN DTS acquisition and manages sector-wide challenges. Investors may want to observe whether the anticipated Fed rate cut continues to support IT sentiment and track management updates on acquisition progress, employee transition, and margin impact.

REF:https://nsearchives.nseindia.com/corporate/Cslogin_21082025182052_SE.pdf

https://nsearchives.nseindia.com/corporate/Wipro_Secretarial_21082025164215_PressRelease.pdf

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