Wipro's Stock Shows Resilience Amidst Mixed Yearly Performance Trends

Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has shown notable activity today, outperforming its sector by 0.61%. The stock has been on a positive trajectory, gaining for six consecutive days and achieving a total return of 4.37% during this period. Today, Wipro opened at Rs 256.95 and has maintained this price throughout the trading session.
In terms of moving averages, Wipro's stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. The company's market capitalization stands at Rs 2,67,271.39 crore, categorizing it as a large-cap stock. Wipro's price-to-earnings (P/E) ratio is 20.34, which is notably lower than the industry average of 30.28.

Over the past year, Wipro has recorded a performance of 7.15%, slightly trailing behind the Sensex's 7.88%. In the short term, the stock has shown resilience, with a 1-week performance of 3.28% compared to the Sensex's 1.83%. However, its year-to-date performance reflects a decline of 15.56%, contrasting with the Sensex's gain of 5.55%.