Wipro Drops 4% as Weak Guidance Offsets Buyback

Wipro shares fell roughly 4% after the company's fourth-quarter results and a buyback announcement failed to reassure investors rattled by weak forward guidance. The selloff extended a bruising stretch for the stock, which is now down more than 23% year-to-date and 13.5% over the past twelve months. The results fell short of expectations on key metrics, and management's outlook for the coming quarter did little to signal a recovery in IT services demand. The buyback, typically a floor-setting signal for institutional holders, was insufficient to offset the guidance overhang. Wipro's weak print reflects persistent pressure across the Indian IT sector, where enterprise clients, particularly in the US and Europe, continue to delay or reduce discretionary technology spending. Investors will watch whether peers reporting in the same cycle confirm the same demand softness, which would indicate a sector-wide repricing rather than a company-specific problem. Near-term sentiment for Wipro hinges on whether guidance stabilizes in the following quarter.