Stocks in Focus: Wipro Buyback and Om Power IPO Spark Friday Trading
Stocks in Focus: Wipro Buyback and Om Power IPO Spark Friday Trading
Friday trading heats up as Wipro approves a Rs 15,000 crore buyback and Om Power lists after its IPO, with Sensex and Nifty trading lower in a volatile session.
Indian benchmark indices settled lower, giving up early gains in the fag end of the session, as trader book profits after a strong rally. The BSE Sensex shed 122.56 points, or 0.16 per cent, to close at 77,988.68, while NSE's Nifty50 fell 34.55 points, or 0.14 per cent, to end at 24,196.75 for the day.
Here are the stocks that may remain under spotlight before the opening bell on Friday, April 17, 2026: Wipro, HDFC Life Insurance, Jio Financial Services, Auro Pharma, RVNL, Angel One, Om Power Transmission. Om Power Transmission is set to be listed at the bourses today after raising Rs 150 crore via its IPO in the price band of Rs 166-175 apiece, with the issue subscribed 3.33 times. Other corporate actions on the day include ex-dates for Aurobindo Pharma buyback, Blue Blends (India) ex-date for a resolution plan, Muthoot Finance ex-date for dividend, Pashupati Cotspin ex-split, and Prima Plastic spin-off.
Wipro: The IT solutions major reported a 1.9 per cent YoY fall in net profit at Rs 3,501.8 crore, while its revenue rose 7.7 per cent YoY to Rs 24,236.3 crore for the March 2026 quarter. Operating margins declined 20 bps to 17.3 per cent while the company board approved a buyback of 60 crore shares at Rs 250 apiece, valued at Rs 15,000 crore.
HDFC Life Insurance Company: The private insurer is in focus as fourth-quarter results and related corporate actions draw investor attention. Market commentary suggests a buy-on-dips stance remains in play for select names.
Om Power Transmission: The power infrastructure player shall be listed today after the company raised Rs 150 crore via its IPO in the price band of Rs 166-175 apiece. The issue was overall subscribed 3.33 times, signaling strong investor interest.
Other developments: Multiple names around ex-dates and corporate actions—Aurobindo Pharma buyback ex-date, Blue Blends (India) ex-date for a resolution plan, Muthoot Finance ex-date for dividend, Pashupati Cotspin ex-split, and Prima Plastic spin-off—highlight a busy session for traders ahead of further Q4 results and corporate announcements.
