Wipro share price: The company’s share price surged nearly 5 per cent in intraday trade on Friday, after the company announced an expanded strategic partnership with ServiceNow to scale artificial intelligence-led enterprise solutions. The stock rose 4.73 per cent to hit an intraday high of Rs 211 apiece, after the company Wipro’s positioning in the fast-growing AI-led digital transformation space.
The IT major said the collaboration will focus on embedding agentic AI workflows across key enterprise functions, including IT, human resources, procurement, and cybersecurity. As part of the deal, Wipro will integrate its Wipro Intelligence platform with the ServiceNow AI Platform, enabling businesses to automate workflows, reduce manual intervention, and improve operational efficiency. The initiative aims to streamline how work is initiated, managed, and executed across enterprise systems, offering improved visibility, faster turnaround times, and stronger governance.
Wipro’s stock performance has remained relatively muted in the short term, underperforming the broader market. Over the past one week, the stock delivered 1.31 per cent returns, slightly ahead of the Nifty 50’s 0.81 per cent gain. However, on a one-month basis, Wipro has shown stronger resilience, rising 2.54 per cent, compared to a 1.10 per cent decline in the benchmark index.
Despite the recent uptick, the stock has seen significant pressure in the current calendar year. On a year-to-date (YTD) basis, Wipro has fallen 23.03 per cent, sharply underperforming the Nifty 50’s 8.55 per cent decline. Similarly, over a one-year period, the stock is down 17.74 per cent, compared with a more modest 3.72 per cent fall in the index, highlighting continued challenges in the IT sector.
Looking at the longer-term trend, Wipro’s returns remain subdued versus the broader market. Over a three-year period, the stock has gained just 2.94 per cent, significantly trailing the Nifty 50’s 28.56 per cent rise. The underperformance is even more pronounced over five years, where Wipro has declined 23.60 per cent, while the benchmark index has surged 54.91 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
