Wipro Share Price Rises for 2nd Consecutive Day as Azim Premji Trust Sells ₹5,057 Crore Stake via Block Deal

On June 9, 2025, Azim Premji Trust sold 20.23 crore equity shares of Wipro through a block deal, valued at over ₹5,057 crore. The shares were sold at an average price of ₹250 each, according to official NSE data.

Shares Bought by 3 Prominent Entities

The buyers of this large stake were 3 entities: Hasham Traders, which acquired 11.9 crore shares; Prazim Traders, which bought 5.95 crore shares; and Prazim Trading and Investment Company Pvt Ltd, which picked up 2.38 crore shares. All purchases were made at ₹250 per share.

Wipro Share Price Movement

As of 10:17 AM IST on June 10, 2025, Wipro share price stood at ₹253.65, reflecting a gain of ₹2.36 or 0.94% for the day. The stock opened at ₹252.90, touched an intraday high of ₹254.40 and a low of ₹251.83. Wipro's market capitalisation is ₹2.65 lakh crore, with a price-to-earnings (P/E) ratio of 20.25 and a dividend yield of 2.37%. Over the past 52 weeks, the stock has reached a high of ₹324.60 and a low of ₹228.00.

Wipro has delivered a 142% return over the past 5 years and a 5.93% return in the last year. However, in 2025 so far, the stock has declined by 16.18%. On a more recent note, it gained 4.01% in the last month, showing signs of recovery.

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Conclusion

The block deal by Azim Premji Trust reflects a strategic realignment, but the buying interest from key entities indicates confidence in Wipro’s long-term prospects. Despite recent volatility, investor sentiment remains steady around the IT major.

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