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Time of India
12-06-2025
- Business
- Time of India
Wipro shares in focus after Rs 4,674 crore promoter stake reshuffle
This transaction follows another internal stake reshuffle executed on Monday, when Azim Premji Trust offloaded 20.23 crore equity shares, or a 1.93% stake in the Bengaluru-headquartered IT major. Wipro promoter group entities executed internal block deals worth Rs 4,674.77 crore on Wednesday. Around 18.05 crore shares changed hands among promoter arms such as Azim Premji Trust, Prazim Traders, and Zash Trader at ₹258.99 apiece. This marks the second internal reshuffle this week and follows similar moves in November 2024, reflecting ongoing stake realignments within the promoter group. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Stock performance and technical Strong Q4 earnings Shares of IT services major Wipro are likely to be in focus on Thursday, June 12, after promoter group entities carried out large block deals worth Rs 4,674.77 crore in the open market a day earlier, as per exchange to the block deal data on the National Stock Exchange (NSE), about 18.05 crore equity shares of Wipro, representing a 1.72% stake, were exchanged among the company's promoter entities on Wednesday. Azim Premji Trust sold the shares at an average price of Rs 258.99 per share, with Prazim Traders and Zash Trader, also part of the Wipro promoter group, picking up the stake at the same stock responded positively to the internal restructuring within the promoter group, rising 1.61% to close at Rs 258.95 on the BSE and ending 1.62% higher at Rs 259 on the transaction follows another internal stake reshuffle executed on Monday, when Azim Premji Trust offloaded 20.23 crore equity shares, or a 1.93% stake in the Bengaluru-headquartered IT major. The deal was valued at around Rs 5,057 crore. The shares were bought by Premji Invest through its arms—Prazim Trading and Investment Company, Hasham Traders, and Prazim Traders.A similar restructuring was seen in November 2024, when Premji Invest's Prazim Trading and Investment Company bought 8.49 crore shares, or a 1.6% stake, in Wipro for Rs 4,757 crore. Simultaneously, Prazim and Zash Traders sold an equivalent number of shares. Wipro shares have delivered mixed returns over different time frames. The stock is up 8.8% over the last year but has declined 16.2% in the past six months. In contrast, short-term sentiment appears to have turned positive: the stock has risen 7% over the past month and gained nearly 5% in the last the stock is trading above five of its eight key simple moving averages (SMA), including the 5-day, 10-day, 20-day, 30-day, and 50-day levels, indicating positive momentum in the near term. However, it remains below its 100-day, 150-day, and 200-day Relative Strength Index (RSI) stands at 63.2, suggesting the stock is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at 0.9 and remains above both the centre and signal lines, reinforcing the ongoing bullish in April reported a 26% year-on-year rise in consolidated net profit to Rs 3,570 crore for the March 2025 quarter, beating Street estimates of Rs 3,290 crore. Revenue from operations stood at Rs 22,504 crore, up 1% YoY and 0.8% sequentially. Profit after tax rose 6% compared to the preceding December quarter.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
10-06-2025
- Business
- News18
Wipro Shares In Focus After Azim Premji Trust Sells Equities Worth Rs 5,057 Cr
Last Updated: The primary purchasers in this deal were three entities: Hasham Traders, Prazim Traders, and Prazim Trading and Investment Company Private Limited. Wipro Share Price: Wipro's shares garnered significant attention on Tuesday, June 10, following a major transaction where the Azim Premji Trust sold 20.23 crore equity shares worth Rs 5,057 crore through a block deal. According to NSE data, the equity price for each Wipro share was set at Rs 250. The primary purchasers in this deal were three entities: Hasham Traders, Prazim Traders, and Prazim Trading and Investment Company Private Limited. On Monday, Hasham Traders acquired 11.9 crore equity shares, Prazim Traders bought 5.95 crore shares, and Prazim Trading and Investment Company Pvt Ltd purchased 2.38 crore shares, all at an average price of Rs 250 per share. Wipro's shares closed at Rs 251.30 on BSE on Monday, marking a gain of 1.09 per cent. The stock opened at Rs 249.30, compared to the previous day's close at Rs 248.60. The Azim Premji Trust is a philanthropic organization established by Indian business magnate Azim Premji to support his philanthropic pursuits. It focuses on education, health, and livelihood, aiming to create a more just, equitable, humane, and sustainable society. Azim Premji Trust held 1,06,31,85,966 equity shares in the company which represented 10.15% stake as on March 31, 2025. First Published: June 10, 2025, 07:06 IST
Mint
09-06-2025
- Business
- Mint
Wipro Block Deal: Azim Premji Trust sells 20.23 crore equity shares worth over ₹5,057 crore — Check details
Wipro Block Deal: Azim Premji Trust sold 20.23 crore equity shares worth over ₹ 5,057 crore through a block deal on Monday, 9 June 2025, according to the official NSE data. Deal details showed that the average selling cost of the block deal was ₹ 250 per share, at which Azim Premji Trust sold the block quantity of shares to three entities, namely Hasham Traders, Prazim Traders, and Prazim Trading and Investment Company Pvt Ltd. On Monday, Hasham Traders purchased 11.9 crore equity shares, while Prazim Traders bought 5.95 crore equity shares, and Prazim Trading and Investment Company Pvt Ltd picked up 2.38 crore equity shares, all at an average execution price of ₹ 250 apiece. (This is a developing story. Please check back for updates.)
