Wipro Shares In Focus As Azim Premji Trust Sells Rs 5,057 Crore Stake Via Block Deal

Wipro shares trade in green on Tuesday, June 10, following the block deal where Azim Premji Trust sold 20.23 crore equity shares amounting to a 1.93% stake worth more than Rs 5,057 crore of IT consulting and software Wipro Limited through on Monday 9 June 2025, according to National Stock Exchange (NSE) data.

The deal was executed at an average price of Rs 250 per share, a 0.6% premium over June 6 closing price of Rs 248.59.

Wipro's stock movement

Despite the large stake sale, Wipro shares showed slight upward movement. On Tuesday, June 10, the stock rose over 1% after the market opened and was trading at Rs 255.02 on the National Stock Exchange (NSE).

The shares opened Tuesday's session at Rs 252.90 and touched an intraday high of Rs 254.96. On the previous day (June 9), Wipro's stock had already closed higher by 1.09% at Rs 251.29, compared to Rs 248.60 at the end of the previous trading session.

Promoter Holdings Details Of The Deal

Following the sale, Hasham Traders acquired 11.90 crore shares worth Rs 2,975 crore, while Prazim Traders picked up 5.95 crore shares for Rs 1,487 crore. Both entities are part of Wipro's promoter group, which also includes Zash Traders.

As of March 2025, Azim Premji Trust held around 106.31 crore shares, representing a 10.15% stake in Wipro. This recent sale will slightly reduce their ownership. Hasham Traders and Prazim Traders previously held 0.03% and 1.62% stakes in the company, respectively.

Wipro's Recent Updates

Wipro is also expanding its global footprint. The company has moved its Middle East regional headquarters from Al Khobar to Riyadh, Saudi Arabia. This move supports Saudi Arabia's Vision 2030, which aims to promote digital transformation and local talent development.

Along with the relocation, Wipro appointed Mohamed Mousa as Managing Director for the region, operating from the new headquarters in Riyadh.

The IT giant has also announced a long-term strategic partnership with Entrust, a global leader in identity-based security solutions. As part of this collaboration, Wipro will deliver technology services and deploy expert talent to support Entrust's operations. This partnership aligns with Wipro's ongoing strategy to expand its capabilities in cybersecurity and digital trust solutions.

March Quarter Earnings Report

For the March quarter of FY25, Wipro reported a consolidated net profit of Rs 3,570 crore, a 26% increase compared to Rs 2,834.60 crore in the same period last year. Sequentially, net profit rose by 6.43%. Revenue from operations for the quarter reached Rs 22,504 crore, reflecting a 1.22% annual increase and a 1.33% rise from the previous quarter.

However, revenue from Wipro's IT services segment declined. The segment earned $2,596.5 million, a drop of 1.2% quarter-on-quarter and 2.3% year-on-year.

Wipro Share Price Trends And Market Cap

Over the past year, Wipro shares have gained around 4%. The stock had a tough run in the past six months, dropping about 17% due to fears of a U.S. recession and tariff-related concerns. In the last three months alone, shares declined by 11%. However, there has been a recent positive trend-Wipro's stock rose over 3% in the last month.

Wipro's stock reached its 52-week high of Rs 324.55 on January 23, 2025, and its 52-week low of Rs 225.05 on April 7, 2025. As of the market close on Monday, June 9, 2025, the company's market capitalization stood at Rs 2,63,393.34 crore, or over Rs 2.63 lakh crore, according to data from the BSE website.

In terms of long-term returns, Wipro has delivered over 142% gains to investors over the last five years. In the year-to-date (YTD) period for 2025, the stock is down 16.18%, although it has risen 4.01% in the past month.