Wipro Sees High Trading Volume Amid Mixed Performance Against Sector Peers

Wipro Ltd., a prominent player in the IT software industry, has emerged as one of the most active equities by volume today. The stock recorded a total traded volume of 31,898,042 shares, with a total traded value of approximately Rs 76.96 crore. Opening at Rs 237.20, Wipro reached a day high of Rs 245.35 before settling at a last traded price of Rs 243.20.
Despite this activity, Wipro's performance today has underperformed the sector, showing a decline of 0.33% compared to a slight decrease of 0.05% in the sector. The stock is currently higher than its 5-day moving averages but lags behind its 20-day, 50-day, 100-day, and 200-day moving averages. Notably, investor participation has increased, with a delivery volume of 1.63 crore shares on April 23, reflecting a 62.25% rise against the 5-day average delivery volume.

Wipro's market capitalization stands at Rs 2,54,270.93 crore, categorizing it as a large-cap stock. The liquidity of the stock remains robust, accommodating trade sizes of Rs 12.34 crore based on 2% of the 5-day average traded value. Overall, Wipro's trading activity today highlights significant engagement, albeit with a slight underperformance relative to its sector peers.