Wipro Ltd. Sees Sharp Value Turnover Amid Sector Downtrend; Institutional Interest Wanes

Robust Trading Volumes Amid Price Decline

On 12 Feb 2026, Wipro Ltd. (symbol: WIPRO) recorded a total traded volume of 2.03 crore shares, translating into a substantial traded value of ₹449.99 crores. This high turnover underscores the stock’s liquidity and investor interest, positioning it among the most actively traded equities by value on the day.

However, this volume came against a backdrop of price weakness. The stock opened at ₹226.20 and touched an intraday low of ₹219.00, marking a new 52-week low. The last traded price (LTP) stood at ₹220.02 as of 10:39 AM IST, down 4.35% from the previous close of ₹229.81. This decline is notable given the stock’s consistent fall over the preceding two sessions, cumulatively losing 4.88% in that period.

Sectoral and Market Context

The IT - Software sector, to which Wipro belongs, also experienced a downturn, falling by 4.09% on the day. This sectoral weakness outpaced the broader Sensex decline of 0.36%, indicating sector-specific headwinds. Wipro’s performance was broadly in line with its sector peers, reflecting systemic pressures rather than company-specific issues alone.

Technical indicators further highlight the bearish momentum. Wipro is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling sustained downward pressure and a lack of short-term support. The weighted average price for the day skewed closer to the intraday low, suggesting that most volume was transacted near the bottom end of the price range.

Institutional Participation and Delivery Volumes

Investor participation appears to be waning. Delivery volumes on 11 Feb 2026 stood at 42.62 lakh shares, representing a 40.08% decline against the five-day average delivery volume. This drop in delivery volume indicates reduced long-term investor conviction, with more traders possibly engaging in intraday or speculative activity rather than holding positions.

Despite the price decline, Wipro continues to offer a relatively attractive dividend yield of 4.79% at the current price level, which may appeal to income-focused investors amid market volatility.

Mojo Score and Rating Revision

Wipro’s current MarketsMOJO score stands at 52.0, reflecting a Hold rating. This marks a downgrade from a previous Buy rating as of 19 Jan 2026, signalling a more cautious outlook from the analytical framework. The downgrade aligns with the recent price weakness and technical deterioration, suggesting that the stock may face further challenges in the near term.

The company’s market capitalisation remains robust at ₹2,32,662 crores, firmly placing it in the Large Cap category. However, its Market Cap Grade is rated at 1, indicating that despite its size, the stock’s valuation or liquidity metrics may not be as favourable compared to peers.

Liquidity and Trading Implications

Liquidity remains adequate for sizeable trades, with the stock’s average traded value over five days supporting trade sizes up to ₹5.03 crores without significant market impact. This liquidity is crucial for institutional investors and large traders seeking to enter or exit positions efficiently.

Nonetheless, the recent decline in delivery volumes and the stock’s fall below all major moving averages suggest that institutional investors may be exercising caution or reducing exposure. The high volume near the day’s low price points to selling pressure dominating the session.

Outlook and Investor Considerations

Investors should weigh Wipro’s attractive dividend yield against the prevailing negative price momentum and sectoral headwinds. The downgrade to Hold by MarketsMOJO and the technical indicators caution against aggressive accumulation at current levels. However, the stock’s liquidity and large-cap status continue to make it a key player in the Computers - Software & Consulting sector.

Market participants may also want to monitor sectoral developments closely, as the IT sector’s broader weakness is a significant factor influencing Wipro’s performance. Any signs of sector recovery or positive earnings revisions could provide a catalyst for price stabilisation or rebound.

Summary

Wipro Ltd.’s trading session on 12 Feb 2026 was marked by high value turnover and significant volume, yet the stock succumbed to sectoral weakness and technical selling pressure. The downgrade to a Hold rating by MarketsMOJO and the breach of key moving averages highlight a cautious near-term outlook. While the dividend yield remains attractive, declining delivery volumes and price weakness suggest investors should approach with prudence.

Given the stock’s liquidity and large-cap stature, it remains a focal point for institutional investors, but current market dynamics favour a wait-and-watch stance until clearer signs of sectoral recovery or technical support emerge.

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