The company’s stock was creating a lot of buzz on Friday when speculations were making rounds that Jalona, a former managing director and chief executive officer of Larsen & Toubro India, was joining the IT giant.
Wipro Share Price: In the first trading session after hitting the 52-week-high on Friday, Wipro shares started their journey on a lower note on BSE on Tuesday (December 26, 2023) post the company’s denial that Sanjay Jalona (ex MD and CEO, LTI) would join the IT firm.
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The Wipro stock was trading lower by 1.66 per cent, or Rs 7.70, or Rs 455.00, at 9:49 am on Tuesday.
After closing at Rs 462.70 on Friday, the share opned at Rs 453 on Tuesday and rose to the day’s high of Rs 460.
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The company’s stock was creating a lot of buzz on Friday when speculations were making rounds that Jalona, a former managing director and chief executive officer was joinig the IT giant.
The tenure of Wipro’s current CEO, Thierry Delaporte, officially ends in 2025.
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He has reportedly been under pressure for falling margins, middling growth, and a raft of top-level exits.
Speculations were rife that Jalona would replace Delaporte.
While Wipro refuted the rumours, Jalona also said that he wouldn’t join the IT company.
