Wipro Ltd. Hits Intraday Low Amid Price Pressure on 24 Feb 2026

Intraday Performance and Price Movement

Wipro Ltd., a key player in the Computers - Software & Consulting sector, experienced a notable intraday decline of 3.13%, with the stock price falling to Rs 199.5, its lowest level in the past year. The stock closed the day down 2.96%, underperforming the Sensex, which fell 1.34% on the same session. This marks the fifth consecutive day of losses for Wipro, accumulating a decline of 7.51% over this period.

The intraday low coincided with the stock trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent downward momentum. The stock’s current market capitalisation is reflected in a low Market Cap Grade of 1, underscoring its diminished valuation standing.

Sector and Market Context

The IT - Software sector, to which Wipro belongs, also faced significant pressure, declining by 4.64% on the day. Despite Wipro outperforming its sector by 1.31% intraday, the stock’s losses remain substantial in absolute terms. The broader market environment was challenging, with the Sensex opening 242.12 points lower and extending losses to close down 885.57 points at 82,166.97, a 1.35% drop. The Sensex remains 4.86% below its 52-week high of 86,159.02, and is trading below its 50-day moving average, though the 50DMA remains above the 200DMA, indicating mixed technical signals.

Recent Performance Trends

Wipro’s recent performance has been notably weaker than the benchmark indices. Over one week, the stock declined 7.39% compared to the Sensex’s 1.52% fall. The one-month and three-month returns for Wipro stand at -16.15% and -19.19% respectively, while the Sensex posted positive returns of 0.79% and a smaller decline of 3.20% over the same periods. Year-to-date, Wipro’s stock has fallen 24.13%, significantly underperforming the Sensex’s 3.57% decline. Over the longer term, the stock’s one-year return is -32.25%, contrasting with the Sensex’s 10.38% gain, and its five-year return of -4.88% lags behind the Sensex’s 61.83% growth.

Mojo Score and Rating Update

Wipro’s Mojo Score currently stands at 47.0, reflecting a cautious outlook on the stock’s near-term prospects. The Mojo Grade was downgraded from Hold to Sell on 17 Feb 2026, signalling a deterioration in the stock’s fundamental and technical parameters. This downgrade aligns with the ongoing price weakness and the stock’s inability to sustain levels above key moving averages.

Dividend Yield and Valuation Considerations

Despite the price decline, Wipro continues to offer a relatively high dividend yield of 5.34% at the current price level, which may provide some income cushion for shareholders. However, the stock’s valuation and price action suggest that investors remain cautious amid the prevailing market conditions.

Immediate Price Pressure and Market Sentiment

The sharp decline in Wipro’s share price today can be attributed to a combination of sectoral weakness and broader market volatility. The IT sector’s 4.64% drop weighed on sentiment, while the Sensex’s 1.35% fall added to the negative momentum. Wipro’s underperformance relative to the Sensex and its continued trading below all major moving averages indicate sustained selling interest and limited buying support at current levels.

Market participants appear to be responding to the stock’s recent trend of losses, with the five-day consecutive decline underscoring persistent downward pressure. The intraday low of Rs 199.5 represents a critical technical level, marking a fresh 52-week low and signalling potential challenges in regaining upward momentum in the near term.

Technical Indicators and Moving Averages

Wipro’s position below all key moving averages highlights the technical challenges the stock faces. The 5-day and 20-day moving averages, often used to gauge short-term momentum, remain above the current price, indicating that recent selling pressure has not yet abated. Similarly, the 50-day, 100-day, and 200-day moving averages, which reflect medium to long-term trends, also lie above the stock price, reinforcing the bearish technical stance.

Such a configuration typically suggests that the stock is in a downtrend, with resistance levels likely to be encountered at these moving averages. This technical backdrop, combined with the broader market weakness, has contributed to the stock’s inability to recover from intraday lows.

Comparative Performance Against Benchmarks

When compared to the Sensex, Wipro’s underperformance is pronounced across multiple time frames. The stock’s one-year return of -32.25% contrasts sharply with the Sensex’s 10.38% gain, highlighting the stock’s relative weakness. Even over a three-year horizon, Wipro’s 1.63% return lags significantly behind the Sensex’s 38.21% appreciation. This trend extends to the five-year and ten-year periods, where Wipro’s returns of -4.88% and 99.56% respectively fall short of the Sensex’s 61.83% and 255.94% gains.

These comparative figures underscore the challenges Wipro has faced in maintaining competitive performance within the broader market context, particularly in recent years.

Summary of Current Market Dynamics

In summary, Wipro Ltd.’s share price decline to Rs 199.5 on 24 Feb 2026 reflects a confluence of factors including sectoral weakness, broader market declines, and unfavourable technical indicators. The stock’s downgrade to a Sell grade and low Mojo Score further illustrate the cautious stance adopted by market analysts. While the dividend yield remains attractive, the prevailing price pressure and sustained losses over the past week suggest that the stock is navigating a challenging environment.

Investors monitoring Wipro should note the significance of the new 52-week low and the stock’s position relative to key moving averages as indicators of current market sentiment and price momentum.

Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →