$WIPRO o Shares Tumble Over 8% Amid Post-Buyback Selling Pressure

Synopsis: $WIPRO shares fell more than 8% over two trading sessions, weighed down by profit-booking following the company's buyback record date. Investors who accumulated shares to participate in the ₹15,000 crore buyback have started exiting their positions, triggering selling pressure. Weak sentiment in the IT sector, concerns over growth prospects, and cautious global market cues have further impacted the stock. Morgan Stanley continues to maintain an 'Underweight' rating on $WIPRO . Investment in securities market are subject to market risks. Read all the related documents carefully before investing.