Wipro shares tumble 4% despite buyback announcement. The IT services giant reported Q4 revenue growth of just 0.2% sequentially, falling short of analyst expectations of 1% growth. More concerning is management's guidance for the June quarter, projecting a revenue decline of 2% to 0% in constant currency terms. The midpoint of negative 1% disappointed the market significantly. Despite the board approving a substantial 15,000-crore buyback at 250 rupees per share, investors are focusing on weak near-term growth visibility. Client-specific challenges in the Americas region and pressure from the company's top client, which declined 8% sequentially, are weighing on sentiment. Margin pressures from wage hikes and lower-margin deal ramp-ups add to concerns. The stock has already lost 23% year-to-date and continues to underperform the broader market indices.
