Synopsis: Wipro shares soared over 4% after a strong Q1 performance, boosting promoter Azim Premji’s notional wealth by nearly ?8,800 crore. Brokerage upgrades and mega deal wins fueled investor optimism for the IT giant's growth in FY26.
In a strong rebound that surprised the market, Wipro Ltd shares rallied by 4.43% on Friday, peaking at ?271.80 after better-than-expected Q1 earnings. This upward movement resulted in a massive notional gain of ?8,781 crore for Wipro’s promoters, primarily led by Azim Premji, who collectively held 72.66% stake in the company as of June 30, 2025.
The IT giant’s market capitalization touched approximately ?2.92 lakh crore, with promoter holdings now valued at ?2,07,006 crore, a significant jump from ?1,98,225 crore a day prior. Azim Premji individually holds 4.11% stake (43.11 crore shares), whose value surged from ?11,213 crore to ?11,709 crore.
Promoter entities under Azim Premji include Azim Premji Trust (6.49%), Zash Traders (21.01%), and Prazim Traders (20.61%), contributing significantly to Wipro’s equity structure.
Market analysts attribute the stock’s strong rally to robust large deal wins, and positive management commentary. Nomura India raised its target price to ?310, citing recovery in European operations and a solid deal pipeline. Meanwhile, ICICI Securities acknowledged the strong TCVs (Total Contract Value) in Q1 despite revenue degrowth, projecting long-term positives from the execution of mega deals.
However, the brokerage also warned about potential margin pressures due to upfront investments, and highlighted ongoing challenges in client retention and growth traction.
By Friday’s close, the stock cooled slightly but remained elevated, up 2.67% at ?267.20, reflecting growing investor confidence in Wipro’s comeback narrative.
Disclaimer: This article is for informational purposes only. It is not intended as investment advice. Please consult a financial advisor before making investment decisions.
