Wipro Faces Continued Stock Decline Amid Broader Market Underperformance

Mar 12 2025 09:50 AM IST
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Wipro Ltd. has faced a significant decline in its stock price over the past week, marking four consecutive days of losses. The company has underperformed relative to the broader market, with notable drops in both weekly and monthly performance metrics, although it has shown positive annual growth.
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.
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