Wipro Gains On Buyback Plans

Wipro was the top gainer in Nifty IT index trading at Rs 271.3 per share, up by Rs 11.45 per share or 4.41% on NSE as of 0955 hours on Monday.

Other IT stocks like Infosys, Tech Mahindra and HCL Technologies were also trading higher by over 1%. Infosys and Wipro contributed the most to Nifty and Sensex gains.

One of the largest IT firms in the country, Wipro is considering a share buyback plan at its board meeting scheduled for this week, the company reported in a BSE filings.

Wipro had announced during its fourth quarter results in the previous financial year that it would consider a share buyback plans in July.

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