Wipro, one of India's leading IT services companies, saw its shares climb 2.83% to ₹256.21 in recent trading, making it the second-best performer in the IT sector. The stock's positive movement comes amid a broader rally in the IT sector, driven by Infosys' share buyback announcement and a weakening rupee.

Stock Performance

Wipro's stock opened at ₹249.30 and reached an intraday high of ₹257.17. Trading volumes were robust, with 117.62 lakh shares changing hands, amounting to ₹300.29 crore in value. The company's strong performance contributed to the Nifty IT index climbing over 2%, with all constituents trading in positive territory.

Sector-wide Rally

The IT sector's rally was primarily sparked by Infosys' board decision to consider a share buyback proposal. This move has led to expectations of similar actions by other IT companies, boosting investor sentiment across the sector. Infosys, the top gainer, saw its shares surge nearly 4%.

Currency Impact

Adding to the positive momentum, the Indian rupee hit an all-time low of 88.36 against the US dollar. This currency depreciation is generally favorable for IT firms like Wipro, which derive a significant portion of their revenue from US-based clients. A weaker rupee typically translates to higher rupee-denominated earnings for these companies.

Share Allotment

In a recent development, Wipro has allotted new equity shares under its employee stock option plans. According to the company's filing:

• 61,954 equity shares were allotted under the ADS Restricted Stock Unit Plan 2004
• 163,524 equity shares were allotted under the Restricted Stock Unit Plan 2007

This allotment is part of Wipro's ongoing employee incentive programs.

Market Context

Despite the day's gains, it's worth noting that the Nifty IT index remains down 19% year-to-date. The sector faces headwinds from concerns over potential US tariffs on software exports and softness in global tech spending. However, the current rally suggests that investors are finding value in IT stocks at current levels, particularly in light of potential share buybacks and the currency advantage.

As the IT sector navigates these mixed signals, Wipro's performance in the coming quarters will be closely watched by investors and analysts alike.

Wipro Limited , a leading AI-powered technology services and consulting company, has significantly expanded its strategic partnership with Google Cloud to enhance enterprise productivity and drive global digital transformation through Gemini Enterprise adoption.

Strategic Partnership Expansion

The expanded collaboration centers on Wipro's adoption of Gemini Enterprise across its global operations and the launch of a new Google Cloud Gemini Experience Zone. This partnership leverages Wipro Intelligence, the company's unified suite of AI-powered platforms and solutions that anchors Wipro's Client Zero approach.

Gemini Enterprise Implementation

Wipro is implementing Gemini Enterprise across its core corporate functions to accelerate decision-making, enhance operational efficiency, and improve employee experience. The deployment covers critical business areas including finance, human resources, sales, delivery, and customer support.

Gemini Enterprise represents Google Cloud's next-generation agentic AI platform, serving as the new front door to AI in the workplace. Powered by Google's world-class Gemini models, it provides an intuitive conversational interface that enables employees to interact with and analyze company data and applications while building no-code AI agents with enterprise-grade security.

Google Cloud Gemini Experience Zone Launch

Matt Renner, President and Chief Revenue Officer at Google Cloud, recently inaugurated the Google Cloud Gemini Experience Zone at Wipro's Partner Labs at the Kodathi campus in Bengaluru. This cutting-edge facility offers hands-on access to joint Google Cloud solutions and showcases more than 200 production-ready AI agents across multiple industries.

Leadership Perspectives

"Wipro's commitment to innovation and enterprise transformation, powered by Gemini Enterprise, reflects a bold vision and long-term dedication to driving industry leadership and strategic impact," said Matt Renner, President and Chief Revenue Officer, Google Cloud. "Through our expanded partnership, we are moving customers beyond experimental AI pilots to real-world outcomes, thereby delivering production-ready AI agents that create measurable business value."

Sanjeev Jain, Chief Operating Officer, Wipro Limited, emphasized the transformative impact: "By deploying Gemini Enterprise at scale across our operations, we are deepening our partnership with Google Cloud to reimagine the future of work, and setting a global benchmark for responsible AI adoption. This AI-powered transformation, with Wipro Intelligence at the core, will drive efficiency, agility, and growth—positioning Wipro and our clients to lead the next wave of enterprise innovation."

Wipro Intelligence and Innovation Network

The partnership strengthens Wipro Intelligence, which encompasses AI-powered platforms, solutions, and transformative offerings designed to empower enterprises to scale with confidence in an AI-first world. The Wipro Innovation Network, an integral part of Wipro Intelligence, brings together innovation labs, partner labs, AI-native partners, Wipro Ventures, Topcoder, research and academia, along with deep-tech talent to harness frontier technologies including Agentic AI, Embodied AI, and Quantum Computing.