Wipro’s shares surged over 4% in early trade following a significant jump in its American Depositary Receipt (ADR) price on the New York Stock Exchange (NYSE), which rose more than 18% overnight. The rally came after Wipro announced an expanded partnership with ServiceNow to deploy agentic AI workflows across key enterprise functions. The company’s shares gained as much as 4.76% to ₹211.20 on the BSE, while the ADR price reached an intraday high of $2.49 (livemint.com).
The partnership with ServiceNow aims to implement and scale AI-driven workflows in areas such as IT, human resources, procurement, and cybersecurity. This collaboration is designed to enhance operational efficiency by automating core enterprise processes using agentic AI technology. The announcement triggered a strong positive response from investors, reflecting confidence in Wipro’s strategic focus on AI integration within enterprise services (livemint.com).
This development is notable amid growing adoption of AI technologies in the IT services sector, where companies are increasingly leveraging AI to optimize workflows and reduce costs. Wipro’s move aligns with broader industry trends where IT firms are partnering with AI platform providers to enhance service delivery. The surge in Wipro’s ADR price on the NYSE underscores investor enthusiasm for companies advancing AI capabilities in enterprise IT, positioning Wipro competitively against peers in the sector (livemint.com).
Looking ahead, Wipro is expected to focus on scaling the AI workflows across its client base and expanding the scope of its partnership with ServiceNow. Market watchers will be monitoring the implementation progress and the impact on Wipro’s financial performance in upcoming quarters. The company’s ability to deliver tangible benefits from this AI integration will be a key factor in sustaining investor interest (livemint.com).