Wipro Ltd. Stock Declines 0.61% Amid Mixed Performance Metrics

Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has shown notable activity today, aligning its performance with sector trends. The stock has experienced a decline over the past three days, with a total drop of 0.61%. Currently, Wipro's price is above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed short-term momentum.
With a market capitalization of Rs 2,54,768.87 crore, Wipro's price-to-earnings (P/E) ratio stands at 18.95, significantly lower than the industry average of 27.53. The company also boasts a high dividend yield of 4.5%, which may appeal to income-focused investors.

In terms of performance metrics, Wipro has faced challenges over the past year, with a decline of 12.27%, contrasting sharply with the Sensex's gain of 9.57%. Year-to-date, the stock has fallen by 19.54%, while the Sensex has risen by 8.45%. Over a longer horizon, Wipro's 3-year performance is at 23.35%, compared to the Sensex's 37.43%, and its 5-year performance stands at 40.79%, against the Sensex's impressive 91.81%.