Wipro Stock Shows Volatility Amid Recovery Efforts and Market Performance Discrepancies

Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has shown notable activity today, outperforming its sector by 0.35%. After experiencing two consecutive days of decline, the stock has reversed its trend, gaining traction in a narrow trading range of Rs 1.55. The stock exhibited high volatility, with an intraday volatility rate of 147.77%, indicating significant price fluctuations throughout the day.
In terms of moving averages, Wipro's stock is currently above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages. The company's market capitalization stands at Rs 2,58,872.05 crore, categorizing it as a large-cap stock. With a price-to-earnings (P/E) ratio of 19.76, Wipro's valuation is notably lower than the industry average of 29.45.

Over the past year, Wipro has delivered a performance of 11.30%, significantly outperforming the Sensex, which recorded a gain of 6.17%. However, year-to-date, Wipro's performance has declined by 18.20%, contrasting with the Sensex's increase of 3.90%.