Wipro Experiences High Trading Volume Amidst Sector Underperformance and Increased Investor Activity

Wipro Ltd., a prominent player in the IT software industry, has emerged as one of the most active equities today, with a total traded volume of 54,875,421 shares and a total traded value of approximately Rs 128.96 crores. The stock opened at Rs 235.00 and reached a day high of Rs 237.80, while the day low was recorded at Rs 232.15. As of the latest update, Wipro's last traded price stands at Rs 237.40.
Despite this activity, Wipro has underperformed its sector by 0.47%, with a 1-day return of 0.99%, compared to the sector's return of 1.26% and the Sensex's return of 0.67%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price performance.

Interestingly, investor participation has seen a notable increase, with a delivery volume of 1.83 crore shares on April 17, reflecting a rise of 173.91% against the 5-day average delivery volume. Additionally, Wipro's liquidity remains robust, with the stock being liquid enough for a trade size of Rs 9.62 crores, based on 2% of the 5-day average traded value. Overall, Wipro's performance today highlights significant trading activity amidst a challenging market environment.