Wipro Faces Continued Stock Decline Amidst Evolving IT Sector Challenges

Jun 02 2025 09:25 AM IST
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Wipro Ltd., a key player in the software and consulting sector, is currently trading at Rs 247.25, showing a bearish trend as it remains below various moving averages. Despite a year-over-year return of 12.90%, its year-to-date performance has declined by 18.18%, highlighting ongoing challenges in the IT landscape.
Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has experienced notable stock activity today. The stock has underperformed its sector by 0.98%, continuing a downward trend with a decline of 1.18% over the past two days. Currently, Wipro is trading at Rs 247.25, 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 bearish trend in the short to medium term. The company's market capitalization stands at Rs 2,58,924.44 crore, categorizing it as a large-cap stock. With a price-to-earnings (P/E) ratio of 19.92, Wipro is trading below the industry average P/E of 29.56.

Over the past year, Wipro has delivered a return of 12.90%, outperforming the Sensex, which recorded a gain of 9.17%. However, year-to-date performance shows a decline of 18.18%, contrasting with the Sensex's increase of 3.34%. As the IT sector continues to evolve, Wipro's performance metrics reflect a complex landscape of challenges and opportunities.
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