Wipro Share Price Target 2026: Motilal Oswal has reiterated its Neutral rating on Wipro shares after the announcement of Q4FY26 results and a share buyback programme. Motilal Oswal has set its Wipro target at Rs 215.

Wipro Share Buyback 2026

Motilal Oswal said that Wipro's Rs 15,000 crore share buyback was broadly in line with past buybacks (4-5 per cent of equity), implying mid-single-digit EPS accretion assuming full execution.

Wipro has fixed the share buyback price at Rs 250, which is at a 19 per cent premium to the previous close (April 16) of Rs 210.15 on NSE.

Motilal Oswal said that when combined with dividends, the three-year payout ratio of Wipro stands at 88 per cent above its stated policy.

Wipro share buyback is expected to be completed in 1QFY27.

Wipro Q4 Results 

On Wipro's Q4 results, Motilal Oswal said that the company reported another soft quarter and the Q1 guidance was underwhelming. Wipro's BFSI vertical was impacted by client-specific headwinds.

According to the brokerage, 1QFY27 guidance of -2 per cent to 0 per cent QoQ CC (mid-point -1 per cent) suggests another soft quarter despite partial contribution (1.5 months’ impact in 1QFY27) from two large deals.

"We believe the key drag remains Americas 2, led by a client-specific issue and delayed ramp-ups," Motilal Oswal said.

The management, however, expects normalisation from 2Q, and the brokerage thinks near-term visibility remains limited due to ramp-up delays and seasonality. Motilal Oswal said that the timely execution of deals will be key to improving growth visibility.

As per Motilal Oswal, Wipro's margins could be under pressure in the near term owing to investments and deal ramp-ups. The 1QFY27 margins could see pressure, led by the remaining two months of wage hike impact, lower-margin deal ramp-ups, and continued investments in AI platforms.