Wipro's Recent Gains Highlight Divergence from Broader IT Sector Trends

May 12 2025 10:00 AM IST
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Wipro Ltd. has experienced a notable increase in its stock price, outperforming its sector recently. The stock is currently above its short-term moving averages but below longer-term ones. In the broader market, the Sensex has also risen significantly, highlighting a positive trend in the IT software sector.
Wipro Ltd., a prominent player in the IT software industry, has shown notable activity today, gaining 4.09% on May 12, 2025. This performance has allowed the stock to outperform its sector by 1.48%. Over the past two days, Wipro has recorded a consecutive gain, rising 4.19% during this period. The stock reached an intraday high of Rs 251.75, reflecting a 4.07% increase.

In terms of moving averages, Wipro's stock is currently above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages. The broader IT software sector has also seen positive movement, gaining 2.71% today.

In the overall market context, the Sensex has experienced a significant rise, climbing 941.71 points to reach 81,745.51, marking a 2.88% increase. While Wipro's performance over the past month shows a 5.00% gain, it has lagged behind the Sensex's 8.77% increase during the same timeframe. Year-to-date, Wipro's performance stands at -16.62%, contrasting with the Sensex's positive 4.62%.
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