Wipro Shows Signs of Trend Reversal Amid Increased Investor Activity and Sector Recovery

Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has emerged as one of the most active equities today, with a total traded volume of 7,655,727 shares and a total traded value of approximately Rs 19,517.51 lakhs. The stock opened at Rs 250.60 and reached an intraday high of Rs 256.35, reflecting a gain of 3.1% during the trading session. The last traded price stands at Rs 254.40.
After experiencing two consecutive days of decline, Wipro's stock has shown signs of a trend reversal, gaining 2.75% today, which is in line with the sector's performance, as the IT - Software sector has increased by 2.4%. Notably, Wipro's stock is currently trading above its 5-day, 20-day, and 100-day moving averages, although it remains below the 50-day and 200-day moving averages.

Investor participation has also seen a notable rise, with delivery volume on August 22 reaching 64.72 lakhs, a 67.16% increase compared to the 5-day average. With a market capitalization of Rs 2,68,633.00 crore, Wipro maintains a high dividend yield of 4.42% at the current price, indicating its liquidity and attractiveness in the market. Overall, Wipro's performance today reflects a positive shift in momentum amidst a recovering sector.