Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd
"Wipro Ltd. has announced that the company has fixed record date of 11th of Dec 2020 for the Rs. 9,500 crore share buyback programme. During the Q2FY21 numbers the company had announced that it would consider a share buyback of upto Rs. 9500 crore at a price of ₹400 per share which is at a premium to current market price. We believe that the share buyback by Wipro is positive for the company as not only is it a way to reward shareholders but it also helps increase the earnings per share of the company."
Shares of WIPRO LTD. was last trading in BSE at Rs.342.65 as compared to the previous close of Rs. 345.2. The total number of shares traded during the day was 353914 in over 5683 trades.
The stock hit an intraday high of Rs. 349.45 and intraday low of 341.8. The net turnover during the day was Rs. 122428863.