Wipro Faces Continued Stock Decline Amid Broader Market Underperformance

Wipro Ltd., a prominent player in the IT software industry, has experienced a notable decline of 3.31% on March 12, 2025. This downturn marks the fourth consecutive day of losses for the stock, which has seen a total drop of 5.95% over this period. Today, Wipro reached an intraday low of Rs 268.35, reflecting a decrease of 3.45%. In terms of performance metrics, Wipro has underperformed compared to the broader market, lagging behind the Sensex by 1.34% today. Over the past week, the stock has declined by 5.80%, while its monthly performance shows a significant drop of 13.54%. Year-to-date, Wipro's performance stands at -11.19%, contrasting with the Sensex's decline of 5.16%. Wipro is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite these challenges, the company has shown a positive annual performance of 5.04%, outpacing the Sensex's modest gain of 0.60% over the same period.