Wipro block deal: Around 2% equity exchanged for Rs 5,057 crore, stock gains

Over the past year, shares of Wipro have gained around 5.7 percent.

Shares of IT services major Wipro rallied over one percent after a large deal took place in the second block deal window on Monday, June 9.

According to reports, around 20.23 crore shares, totalling around two percent of the overall equity, worth Rs 5,057.5 crore exchanged hands on the bourses. The shares were traded at Rs 250 per share, which is a premium of 0.05 percent compared to the previous session's closing price of Rs 248.59 apiece.

Moneycontrol could not immediately ascertain the buyers and sellers in the block deal. The trade took place in the second block deal window for the trading session, which is usually open from 2.05 pm to 2.20 pm.

At 2.50 pm, shares of the information technology player were quoting Rs 251.38, up 1.1 percent on the NSE.

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The AI-powered technology services and consulting company has won a multi-year deal with Entrust, a global leader in identity-centric security solutions. Wipro will provide strategic resources, scale, and agility to help Entrust accelerate its growth.

Wipro reported a 6.4 percent sequential rise in net profit to Rs 3,569.6 crore for the quarter ended March 2025, while gross revenue rose marginally to Rs 22,504.2 crore.

Bengaluru-based Wipro also announced that its interim dividend of Rs 6 per share will be treated as the final dividend for FY25.

Wipro guided for Q1 FY26 IT services revenue in the range of $2,505 million to $2,557 million, implying a sequential decline of 1.5 to 3.5 percent in constant currency terms.

India's fourth-largest IT services firm Wipro Ltd's revenue stood at $2.60 billion, marking a 1.2 percent decline QoQ and a 2.3 percent drop YoY. In constant currency terms, the segment revenue slipped 0.8 percent sequentially. Missing analyst estimates, the company guided revenue in the range of -1.5 percent to -3.5 percent for Q1FY26.