Wipro Ltd. Hits Intraday Low Amid Price Pressure on 4 Feb 2026

Intraday Price Movement and Volatility

Wipro Ltd., a key player in the Computers - Software & Consulting industry, opened the trading session with a gap down of 3.09%, signalling early bearish sentiment. Throughout the day, the stock exhibited high volatility, with an intraday volatility of 46.05% calculated from the weighted average price. The share price ultimately touched an intraday low of ₹226.5, representing a sharp 6.58% drop from the previous close. This decline reversed the stock’s three-day streak of consecutive gains, indicating a shift in momentum.

Comparative Performance Against Sector and Market

Wipro’s performance lagged behind its sector peers and the broader market indices. The IT - Software sector declined by 3.51% on the day, while Wipro’s share price fell by 3.84%, underperforming the sector by 0.76%. In contrast, the Sensex index showed resilience, recovering from an initial negative opening of -487.07 points to close marginally higher by 0.04% at 83,773.47 points. The Sensex remains 2.85% below its 52-week high of 86,159.02, supported by gains in mega-cap stocks. Wipro’s one-day performance of -3.59% compares unfavourably with the Sensex’s 0.13% gain, underscoring the stock’s relative weakness.

Technical Indicators and Moving Averages

From a technical standpoint, Wipro is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning suggests sustained downward pressure and a lack of near-term technical support. The stock is also trading close to its 52-week low, being only 3.41% above the low of ₹225.05, which may be a psychological barrier for investors. The combination of these technical factors contributes to the cautious sentiment surrounding the stock.

Longer-Term Performance Context

Wipro’s recent price action is part of a broader trend of underperformance relative to the Sensex. Over the past month, the stock has declined by 13.15%, significantly underperforming the Sensex’s 2.23% fall. Year-to-date, Wipro is down 11.26%, compared with the Sensex’s 1.61% decline. Over the last year, the stock has fallen 26.09%, while the Sensex has gained 6.70%. Even over longer horizons such as three, five, and ten years, Wipro’s returns of 14.64%, 8.75%, and 122.78% respectively, trail the Sensex’s corresponding gains of 37.81%, 65.66%, and 244.51%. These figures highlight the stock’s relative challenges in maintaining market leadership over time.

Market Sentiment and Immediate Pressures

The intraday decline in Wipro’s share price reflects a combination of sector-wide weakness and stock-specific pressures. The IT - Software sector’s 3.51% drop indicates broad-based selling, which has weighed on Wipro’s performance. Despite the broader market’s modest recovery, Wipro’s share price has not found support, suggesting that investors are cautious amid prevailing market volatility. The stock’s high dividend yield of 4.54% at the current price level may provide some income appeal, but it has not been sufficient to offset the selling pressure during the session.

Valuation and Market Capitalisation Considerations

Wipro’s market capitalisation grade remains at 1, indicating a relatively lower market cap compared to peers in the sector. The company’s Mojo Score stands at 58.0, with a current Mojo Grade of Hold, downgraded from Buy on 19 Jan 2026. This downgrade reflects a reassessment of the stock’s near-term prospects and risk profile. The downgrade and the stock’s recent price action suggest that investors are factoring in increased uncertainty and are adopting a more cautious stance.

Summary of Key Metrics

To summarise, Wipro Ltd. closed the day near its intraday low of ₹226.5, down 6.58% from the previous close, underperforming both its sector and the Sensex. The stock’s technical indicators remain weak, trading below all major moving averages and close to its 52-week low. The broader IT sector’s decline and the stock’s downgrade to Hold contribute to the subdued market sentiment. Despite a high dividend yield, immediate price pressures have dominated trading activity, resulting in a volatile session for the stock.

Outlook on Market Dynamics

While the Sensex managed to recover from an early loss and close marginally positive, Wipro’s share price remained under pressure throughout the session. The divergence between the broader market’s performance and Wipro’s intraday weakness highlights the stock’s current vulnerability. The IT sector’s decline and Wipro’s technical positioning suggest that the stock is facing immediate headwinds. Investors monitoring the stock will note the importance of the 52-week low as a critical support level, with the current price only 3.41% above this threshold.

Conclusion

Wipro Ltd.’s intraday low of ₹226.5 on 4 Feb 2026 reflects a day marked by significant price pressure and volatility. The stock’s underperformance relative to its sector and the Sensex, combined with its technical weakness and recent downgrade to Hold, underscores the challenges it faces in the current market environment. While the broader market showed resilience, Wipro’s share price remained subdued, highlighting the immediate pressures impacting the stock.

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