Opening Price Drop and Market Reaction
On 13 Feb 2026, Wipro Ltd., a key player in the Computers - Software & Consulting sector, opened at a significantly reduced price, down 4.02% from its prior closing level. This gap down opening was accompanied by an intraday low of Rs. 209.15, marking the lowest price point for the stock in the past year. The day’s trading saw the stock underperform the broader Sensex index, which declined by 0.99%, with Wipro’s share price falling 3.65% by the close of the day.
The stock’s performance today also outpaced its sector, which experienced a sharper decline of 4.26%, indicating a relatively better resilience within its industry group despite the negative momentum. However, the broader trend remains subdued as Wipro’s price continues to trade below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward pressure.
Technical Indicators Reflect Mixed Signals
Technical analysis presents a nuanced picture for Wipro Ltd. Weekly and monthly Moving Average Convergence Divergence (MACD) indicators remain bearish, reinforcing the prevailing downtrend. Similarly, Bollinger Bands on both weekly and monthly charts suggest continued volatility with a bearish bias. The Dow Theory assessments for weekly and monthly periods also indicate mild bearishness, consistent with the recent price declines.
Conversely, the Relative Strength Index (RSI) on a monthly basis shows a bullish signal, hinting at potential oversold conditions that could temper further declines. On the daily front, moving averages provide a mildly bullish outlook, suggesting some short-term support may be present. The On-Balance Volume (OBV) indicator is mildly bullish on a weekly scale, indicating that volume trends may not fully support the price weakness observed.
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Recent Price Trends and Dividend Yield
Wipro Ltd. has experienced a notable decline over the past month, with a 20.16% drop in share price compared to the Sensex’s marginal 0.94% decrease. This extended weakness has contributed to the stock reaching its lowest level in a year. Despite the price erosion, the company maintains a relatively high dividend yield of 5.02% at the current price, which may provide some income support to shareholders amid the price volatility.
The stock’s consecutive three-day fall and the gap down opening today underscore the prevailing cautious sentiment among market participants. The decline has been sharper than the sector average, although the stock’s outperformance relative to the sector on the day suggests some selective buying interest or profit-taking dynamics at play.
Sector and Market Context
The Computers - Software & Consulting sector, to which Wipro belongs, has been under pressure, declining 4.26% today. This sector weakness aligns with broader market concerns impacting technology and software companies. Wipro’s market capitalisation grade remains low at 1, reflecting its relative size and valuation metrics within the industry. The company’s Mojo Score stands at 50.0 with a current Mojo Grade of Hold, downgraded from Buy on 19 Jan 2026, indicating a reassessment of its near-term outlook based on recent performance and market conditions.
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Intraday Trading Dynamics and Investor Behaviour
The significant gap down opening in Wipro’s share price today reflects overnight developments that have heightened market caution. While specific news details are not disclosed, the price action suggests a reaction to broader sectoral or company-specific factors that have influenced sentiment negatively. The intraday low of Rs. 209.15 represents a critical support level, coinciding with the new 52-week low, which may attract bargain hunting or short-term recovery attempts.
Despite the initial panic selling evident from the sharp opening drop, the stock’s outperformance relative to the sector during the day indicates some stabilisation. The mildly bullish signals from daily moving averages and weekly OBV support the possibility of short-term consolidation, although the prevailing technical and fundamental indicators caution against a sustained upward reversal at this stage.
Summary of Key Metrics
Wipro Ltd. opened at a price 4.02% lower than its previous close, touching an intraday low of Rs. 209.15, a new 52-week low. The stock has declined 8.61% over the last three trading days and underperformed the Sensex by a wide margin over the past month. Technical indicators predominantly signal bearish momentum, with some mixed signals on shorter timeframes. The company’s dividend yield remains attractive at 5.02%, providing some cushion amid price weakness. The sector’s decline of 4.26% today contextualises Wipro’s performance within a broader market downturn affecting technology stocks.
Overall, Wipro Ltd.’s significant gap down opening and subsequent trading activity reflect a cautious market environment with ongoing pressure on the stock. The combination of technical signals and price action suggests that while some recovery attempts may occur intraday, the prevailing trend remains subdued.
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