Key Events This Week
22 Jun: Stock closes at Rs.180.10, marginal decline amid mixed market
23 Jun: New 52-week low of Rs.174.8 and downgrade to Sell rating
24 Jun: Further 52-week low at Rs.171.25 with heavy trading volumes
25 Jun: Slight recovery to Rs.175.00, but down 3.10% for the week
22 June 2026: Marginal Decline Amid Mixed Market Signals
Wipro opened the week at Rs.180.60 and closed slightly lower at Rs.180.10, down 0.28%. The Sensex, in contrast, gained 0.46% to close at 36,342.26. Despite the broader market strength, Wipro’s price action hinted at early weakness, with the stock trading below key moving averages. Volume was moderate at 5.82 lakh shares, indicating cautious investor sentiment ahead of a turbulent week.
23 June 2026: New 52-Week Low and Downgrade to Sell
On 23 June, Wipro’s shares plunged to a fresh 52-week low of Rs.174.8 intraday, closing at Rs.174.50, a steep 3.11% decline. This drop extended a four-day losing streak, with a cumulative loss of 5.18%. The stock underperformed both the IT - Software sector, which fell 2.15%, and the Sensex, which declined 1.05%. The day also marked a significant downgrade by MarketsMOJO, which lowered Wipro’s Mojo Grade from Hold to Sell, citing weak technicals and flat financials. The downgrade reflected concerns over the company’s modest operating profit growth of 4.41% over five years and a high PEG ratio of 14.3, signalling limited earnings growth relative to valuation.
24 June 2026: Continued Downtrend with Heavy Trading and Institutional Activity
Wipro’s downtrend persisted on 24 June, with the stock hitting a new 52-week low of Rs.171.25 and closing near Rs.173.64 during the day. Despite the Sensex rising 0.34% and the IT sector gaining 0.63%, Wipro lagged significantly, declining by approximately 0.48%. Trading volumes surged to over 1.23 crore shares, with a traded value exceeding ₹214 crores, placing Wipro among the most actively traded stocks by volume and value. Elevated delivery volumes on 23 June, up 46.79% over the five-day average, suggested institutional sell-offs amid the price weakness. The surge in put option activity at the ₹170 strike price expiring 30 June further underscored bearish market sentiment and hedging strategies against further declines.
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25 June 2026: Slight Recovery but Weekly Losses Persist
On 25 June, Wipro’s shares edged up marginally by 0.32% to close at Rs.175.00, offering a modest respite after five consecutive days of decline. However, this small gain was insufficient to offset the week’s overall 3.10% loss. The Sensex closed slightly lower at 36,133.32, down 0.05%. Wipro’s price remained below all key moving averages, reinforcing the bearish technical setup. The stock’s relative weakness compared to the broader market and sector persisted, reflecting ongoing investor caution amid subdued financial performance and technical headwinds.
Weekly Price Performance Comparison
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-06-22 | Rs.180.10 | -0.28% | 36,342.26 | +0.46% |
| 2026-06-23 | Rs.174.50 | -3.11% | 35,959.97 | -1.05% |
| 2026-06-24 | Rs.174.45 | -0.03% | 36,151.68 | +0.53% |
| 2026-06-25 | Rs.175.00 | +0.32% | 36,133.32 | -0.05% |
Key Takeaways
Persistent Downtrend and Technical Weakness: Wipro’s shares have consistently traded below all major moving averages, with bearish MACD and Bollinger Bands confirming sustained downward momentum. The stock’s 52-week lows on 23 and 24 June highlight the intensity of selling pressure.
Rating Downgrade Reflects Caution: The MarketsMOJO downgrade from Hold to Sell on 22 June reflects deteriorating fundamentals and technicals, signalling a cautious outlook amid flat financial results and sluggish profit growth.
Elevated Trading Volumes and Institutional Activity: Heavy volumes and increased delivery volumes suggest institutional repositioning, with put option activity at the ₹170 strike price indicating hedging against further downside risk.
Dividend Yield and Financial Stability: Despite price weakness, Wipro offers a high dividend yield of approximately 6.29% and remains net-debt free with a strong ROE of 15.81%, providing some defensive qualities.
Underperformance Relative to Benchmarks: The stock’s 3.10% weekly decline contrasts with the Sensex’s marginal 0.11% fall, underscoring Wipro’s relative weakness within the IT sector and broader market.
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Conclusion
Wipro Ltd’s performance over the week ending 26 June 2026 was marked by continued weakness, with the stock falling 3.10% to Rs.175.00 and hitting new 52-week lows. The downgrade to a Sell rating by MarketsMOJO, combined with bearish technical indicators and heavy institutional activity, underscores the challenges facing the stock. While the company’s strong dividend yield and net-debt-free status offer some support, these factors have not been sufficient to reverse the downtrend. Investors should remain cautious, monitoring technical signals and sector trends closely before considering fresh exposure.
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