Wipro Ltd. Stock Declines 1.96% Over Two Days, Underperforming Sector

Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has shown notable activity today, underperforming its sector by 1.46%. The stock has experienced a consecutive decline over the past two days, resulting in a total drop of 1.96% during this period. Currently, Wipro is trading at Rs 240.55, with no significant price range observed throughout the day.
In terms of moving averages, Wipro is positioned below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a downward trend in its recent performance. The company boasts a high dividend yield of 4.49%, which may appeal to income-focused investors.

Wipro's market capitalization stands at Rs 2,56,131.83 crore, categorizing it as a large-cap stock. The company's price-to-earnings (P/E) ratio is 18.99, notably lower than the industry average of 27.46. Over the past year, Wipro has faced a decline of 13.67%, contrasting sharply with the Sensex's gain of 9.13%. Despite some positive movements in the short term, the longer-term performance metrics reveal challenges, with a year-to-date decline of 19.11% compared to the Sensex's increase of 8.35%.