Why Wipro Share Price is Falling

India's IT sector is a major growth driver for the economy. With a well-developed software ecosystem, India is poised for the next phase of its IT revolution.

But the IT sector has been experiencing downward pressure in recent times. One such company that is currently facing this situation is Wipro.

Wipro is one of India's leading IT services companies. But its share price is currently under pressure.

The share price drew attention as it fell 4% today, raising concerns among investors.

What's dragging it down?

Let's dig deeper into this...

TCS Layoff

The share price of Wiprov tanked 4% today after Tata Consultancy Services (TCS) announced plans to lay off 12,000 employees, which is about 2% of its global workforce.

It decided to lay off employees due to slow spending by clients and ongoing global trade tensions.

TCS stated that the layoffs are not driven by AI efficiency but rather because the company cannot reassign employees with outdated skills to fit its changing business needs.

Following the announcement, leading IT companies, including Wipro, HCL Tech, Tech Mahindra, and others, witnessed a decline in their share price.

This could be a primary driver of Wipro's share price drop.

What Next?

Moving forward, Wipro plans to modernise clients' IT services to create a secure and sustainable environment across various business units.

The company is investing heavily in AI transformation, with over 50,000 employees certified in advanced AI. It is also focusing on agentic AI for complex tasks like customer service and supply chain management, which could give it a competitive edge in the IT industry.

Wipro has partnered with a US company to create a GenAI Center of Excellence, to drive AI innovation and strategy. The center will streamline operations, improve decision-making, and enhance risk governance, leading to faster and more effective AI deployment with measurable returns.

The company is focusing on boosting its platform in Europe and the Asia Pacific, Middle East, and African regions, which have been underperforming. The growth strategy focuses on securing large deals. It has a strong deal pipeline.

How Wipro Share Price has Performed Recently

Before today's fall, Wipro's share price had slipped 3% over the previous five trading sessions. Over the last six months, the stock is down about 18%.

The stock touched its 52-week high of Rs 324.5 on 23 January 2025 and a 52-week low of Rs 225.1 on 7 April 2025.

About Wipro

Wipro is one of India's leading global IT, consulting, and business process services companies.

It was incorporated in 1945 as Western India Vegetables Product Limited. It was a consumer care product manufacturer till 1980 after which it diversified into the IT services business.

With effect from 1 April 2012, the company demerged its other divisions (consumer care and lighting, medical equipment, and infrastructure engineering) into a separate company called Wipro Enterprises.

Wipro's operations can be broadly classified into IT Services, IT Products, and India State Run Enterprise.

For more details about the company, you can have a look at Wipro Company fact sheet and Wipro quarterly results on our website.

For a sector overview, you can read our IT sector report.

You can also compare Wipro with its peers on our website:

Wipro vs TCS

Wipro vs Infosys

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...