Intraday Trading Highlights
On 1 Feb 2026, Wipro Ltd. recorded a day change of 3.4%, reaching a peak price of Rs 244.4 during the trading session. This intraday high represents a significant advance compared to the Computers - Software & Consulting sector, where Wipro outperformed by 3.35%. The stock’s 1-day performance of 2.66% contrasts sharply with the Sensex’s decline of 0.66%, underscoring Wipro’s relative strength in a broadly negative market environment.
Despite the broader market’s sharp reversal—where the Sensex, after opening 119.19 points higher, fell by 664 points to trade at 81,724.97—the stock maintained upward momentum. Wipro’s ability to sustain gains amid such volatility highlights active trading interest and resilience within its price action.
Technical Positioning and Moving Averages
Wipro’s current price stands above its 5-day moving average, signalling short-term strength. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating that the stock is still navigating longer-term resistance levels. This technical positioning suggests that while immediate momentum is positive, the stock has yet to break through key medium- and long-term technical barriers.
Investors monitoring moving averages will note that the Sensex itself is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, reflecting a mixed technical backdrop for the broader market.
Dividend Yield and Market Capitalisation
At the current price level, Wipro offers a high dividend yield of 4.65%, which may be attractive to income-focused investors. The company holds a Market Cap Grade of 1, reflecting its status as a large-cap entity within the Computers - Software & Consulting sector. This classification underscores Wipro’s established market presence despite recent price fluctuations.
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Comparative Performance Over Various Timeframes
Wipro’s recent performance relative to the Sensex reveals a mixed trend. Over the past week, Wipro gained 1.95%, outperforming the Sensex’s 0.23% rise. The 3-month performance shows a modest 0.48% gain for Wipro against a 3.17% decline in the Sensex, indicating relative resilience in the medium term.
However, longer-term figures reflect challenges: Wipro’s 1-month return is down 7.88%, compared to the Sensex’s 3.48% decline, and its 1-year performance is negative at -21.44%, while the Sensex gained 6.47%. Year-to-date, Wipro is down 7.74% versus the Sensex’s 4.10% decline. Over three, five, and ten years, Wipro’s returns of 20.78%, 16.25%, and 130.93% respectively lag behind the Sensex’s 37.35%, 76.57%, and 228.60% gains, reflecting a slower growth trajectory relative to the benchmark index.
Sector and Market Context
Wipro operates within the Computers - Software & Consulting sector, which has experienced varied performance amid broader market fluctuations. The stock’s outperformance today is notable given the Sensex’s sharp intraday reversal. This divergence highlights Wipro’s capacity to attract trading interest even when the broader market sentiment is subdued.
Its Mojo Score currently stands at 58.0, with a Mojo Grade of Hold, downgraded from Buy on 19 Jan 2026. This adjustment reflects a reassessment of the stock’s medium-term outlook based on recent performance and market conditions.
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Summary of Trading Action
Wipro’s strong intraday surge to Rs 244.4 on 1 Feb 2026, coupled with a 3.4% day change, marks a significant move in the stock’s trading pattern. The stock’s ability to outperform both its sector and the Sensex during a volatile session indicates active participation from market participants. While the stock remains below several key moving averages, its short-term momentum is evident.
The high dividend yield of 4.65% at the current price adds an additional dimension to the stock’s appeal for certain investor segments. However, the recent downgrade in Mojo Grade to Hold signals a cautious stance on the stock’s medium-term prospects.
Overall, Wipro’s intraday performance on this trading day stands out as a notable event within the Computers - Software & Consulting sector and the broader market context.
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