Anubhuti Mishra, Equity Research Analyst at Swastika Investmart noted that June 15 was the last date to buy Wipro's shares to be eligible to participate in the company's share buyback. "The share is currently trading around Rs 389, so as of today, the calculated premium is more than 14 per cent, so we will advise retail investors you to take part in this buyback. Furthermore, we anticipate an acceptance ratio of around 40 per cent, which has the potential to increase to 60 per cent. This expectation is supported by the fact that retail investors experienced an almost 100 per cent acceptance ratio in the previous buyback offer in 2020," Mishra said.Read more:
