Wipro Faces Significant Stock Decline Amid Broader IT Sector Weakness

Wipro Ltd., a prominent player in the IT software industry, experienced a significant decline of 5.66% on April 17, 2025. This drop comes after a brief period of three consecutive days of gains, indicating a potential trend reversal. The stock opened lower, with a gap down of 4.73%, and reached an intraday low of Rs 232.2, marking a decrease of 6.18% at its lowest point.
In terms of performance metrics, Wipro has underperformed its sector, which saw a decline of 2.06%. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish trend. Over the past month, Wipro's performance has been particularly weak, with a decline of 10.14%, contrasting sharply with the Sensex's gain of 3.47% during the same period.

Year-to-date, Wipro has faced a substantial drop of 22.70%, while the Sensex has only decreased by 1.78%. Despite a positive performance of 4.08% over the past year, Wipro's longer-term outlook shows a decline of 16.52% over three years, compared to the Sensex's impressive gain of 31.55%.