Wipro Faces Continued Stock Decline Amid Broader IT Sector Trends

Wipro Ltd., a prominent player in the IT software industry, has experienced a notable decline of 4.02% on April 1, 2025. This downturn marks the second consecutive day of losses for the stock, which has seen a total drop of 4.25% over this brief period. Despite this recent performance, Wipro has outperformed its sector by 1.04% today.
In terms of moving averages, Wipro is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 1.12%, while its performance over the last month shows a decline of 5.85%. In contrast, Wipro's year-to-date performance stands at -13.44%, compared to a slight decline of 1.38% for the broader Sensex index.

Looking at longer-term metrics, Wipro has delivered an impressive 184.90% return over the past five years, although it has underperformed the Sensex, which gained 158.46% during the same period. As the market continues to evolve, Wipro's position remains a focal point for observers in the IT sector.