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Wipro Share Price: Wipro is India's leading IT company. But Wipro is currently facing challenges. There is turmoil in Wipro's management. Many senior officials have resigned. Now the company's Chief Technology Officer (CTO) Shubha Tatavarti has resigned. Earlier, the company's CEO Thierry Delport has also resigned. 3 months ago in May, the company's Chief Operating Officer (COO) Amit Chaudhary and APMEA President Anees Chencha also left the company. The effect of these resignations is visible in the company's shares.
Shares lost 12.5% in a month
Wipro's stock has fallen 12.5 percent in the last one month. It has come down 4.5 percent in 6 months. In the last 5 days, this stock has slipped 1.91 percent. At the same time, in 2024, it has risen only 2.5 percent so far. Today, the company's stock is at Rs 489.30 on BSE at 10 am, up by Rs 0.35 or 0.07 percent.
Many senior officers resigned in 2023 as well
In 2023, Wipro's then-chief financial officer Jatin Dalal resigned, a high-profile resignation. He soon joined Cognizant Technology Solutions, but was sued by Wipro. However, the suit was settled on July 9.
In 2023 alone, Wipro lost more than 10 of its senior officers, including Chief Growth Officer Stephanie Trotman, Chief Financial Officer Jatin Dalal, and Chief Operations Officer Sanjeev Singh.
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