Wipro stock closes up by more than 1% after block deal

Shares of Wipro Limited gained ground on Monday, June 9, following a major block deal that saw nearly 2% of the company’s equity change hands. The transaction, valued at ₹5,057.5 crore, injected fresh momentum into the stock, which edged up during the afternoon trading session.

Key Deal Highlights

A total of 20.23 crore shares were exchanged via the second block deal window, which runs from 2:05 pm to 2:20 pm. The shares were traded at ₹250 apiece, slightly above the previous closing price of ₹248.59. By 2:50 pm, Wipro’s stock was trading at ₹251.38 on the NSE, up 1.1% intraday.

Trading Metrics

On the same day, Wipro recorded a traded volume of 75.33 lakh shares, with a total traded value of ₹188.97 crore. The stock moved within a day’s range of ₹249.22 to ₹253.40. The company’s total market capitalization stood at ₹2.63 lakh crore, with a free float market cap of ₹71,206 crore as per exchange data.

Business Updates

Wipro also announced a multi-year strategic partnership with Entrust, a global leader in identity-centric security solutions. The collaboration will see Wipro providing technology services and skilled resources, aligning with its broader strategy to deepen offerings in cybersecurity and digital trust.

In its financial results for the quarter ended March 2025, Wipro reported a 6.4 percent sequential increase in net profit to ₹3,569.6 crore. Gross revenue rose to ₹22,504.2 crore. The company also announced that its interim dividend of ₹6 per share will be considered the final dividend for FY25.

For Q1 FY26, the company has provided a revenue guidance range of $2,505 million to $2,557 million, indicating a sequential variation in constant currency terms. Wipro’s Q4 FY25 IT services revenue stood at $2.60 billion, reflecting a quarter-on-quarter decline of 1.2 percent and a year-on-year drop of 2.3 percent.

Stock Movement

As per exchange data, Wipro’s stock has gained approximately 5.7 percent over the past one year.

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