Wipro Ltd. Stock Declines, Underperforming Sector Amid Trend Reversal

Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has shown notable activity today, underperforming its sector by 0.71%. The stock opened at Rs 242.05 and has remained at this price throughout the trading session. After experiencing four consecutive days of gains, Wipro's stock has seen a reversal in trend.
In terms of financial metrics, Wipro's market capitalization stands at Rs 2,55,184.36 crore, categorizing it as a large-cap company. The stock's price-to-earnings (P/E) ratio is currently at 19.05, which is below the industry average of 27.62. Wipro also boasts a high dividend yield of 4.48%, reflecting its commitment to returning value to shareholders.

Over the past year, Wipro's performance has declined by 13.99%, contrasting sharply with the Sensex's gain of 8.59%. In the short term, the stock has shown a slight decrease of 0.79% today, while it has gained 2.92% over the past week. However, its year-to-date performance remains negative at -19.40%, compared to the Sensex's positive return of 7.82%.