Wipro Limited (WIT) Gains Due to Share Buyback Program and ServiceNow Partnership
Key takeaways
- Wipro Limited (NYSE:WIT) has gained more than 16% over the past 30 days, mainly driven by the INR 15,000 crore share buyback program and the expansion of the company’s partnership with Service Now.
- Recently, on May 29, Reuters reported that the stock experienced an increase in share price after Wipro announced an expanded partnership with American software firm ServiceNow.
- Moreover, Reuters reported that both companies have noted that the collaboration is expected to help businesses scale AI adoption while improving operational efficiency.
Wipro Limited (WIT) Gains Due to Share Buyback Program and Service Now Partnership Talha Qureshi Sun, June 21, 2026 at 1:53 AM GMT+7 2 min read WIT NOW Wipro Limited (NYSE:WIT) is one of the Best Undervalued Stocks to Buy Under $5. Wipro Limited (NYSE:WIT) has gained more than 16% over the past 30 days, mainly driven by the INR 15,000 crore share buyback program and the expansion of the company’s partnership with Service Now.
Recently, on May 29, Reuters reported that the stock experienced an increase in share price after Wipro announced an expanded partnership with American software firm ServiceNow. The deal involves integrating Wipro’s Intelligence platform with ServiceNow’s AI platform. Management has noted that the goal is to help enterprise clients automate workflows across key business functions, including IT, human resources, procurement, and cybersecurity.
Moreover, Reuters reported that both companies have noted that the collaboration is expected to help businesses scale AI adoption while improving operational efficiency. As per the report, this collaboration comes at a challenging time for Indian IT firms as rapid advancement in AI and the push of OpenAI into enterprise services have raised concerns that traditional outsourcing and technology services work could face long-term disruption.