The IT sector has been resorting to layoffs since last year and as a result of this, the number of employees of companies such as TCS, Infosys, Wipro and HCL Tech has also reduced in the March 2023 quarter
Shares of Wipro climbed nearly 4 per cent in morning trade on Friday after the company s board announced a share buyback of up to Rs 12,000 crore.
The stock jumped 3.64 per cent to Rs 388 on the BSE.
At the NSE, it gained 3.63 per cent to Rs 388.
It was the biggest gainer on both the Sensex and
The Wipro board on Thursday announced a share buyback of up to Rs 12,000 crore through the tender offer route, entailing 26.96 crore equity shares at a buyback price of Rs 445 apiece.