Wipro Ltd. Hits 52-Week High, Outperforms Sector

Dec 22 2023 02:45 PM IST
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Wipro Ltd., a leading IT software company, has reached a 52-week high on December 22, 2023, with a current price of Rs. 460.3. The stock has been performing well, outperforming the sector by 5.12% and showing a 6.28% return in the last two days. It is also trading higher than its moving averages, indicating a positive trend. Wipro Ltd. has shown a strong performance in the past year, outperforming the Sensex, showcasing its strong position in the market. Investors can continue to hold onto their stocks as per the recommendation by MarketsMojo.

Wipro Ltd., a leading IT software company, has recently hit a 52-week high on December 22, 2023. The stock has been performing well in the market, with a current price of Rs. 460.3. This is a significant increase from its previous closing price and has outperformed the sector by 5.12%.

The stock has been gaining for the last two days and has shown a return of 6.28% during this period. It also touched an intraday high of Rs. 460.3, which is a 6.04% increase from its previous high. Wipro Ltd. is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, Wipro Ltd. has shown a strong performance with a 18.97% increase in its stock price, outperforming the Sensex which has shown a 17.07% increase during the same period. This showcases the company's strong position in the market and its ability to deliver consistent returns to its investors.

With its recent 52-week high, Wipro Ltd. continues to be a top player in the IT software industry, providing innovative solutions and services to its clients. Investors can continue to hold onto their stocks as per the recommendation by MarketsMOJO.
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