Wipro Shows High Trading Activity Amid Continued Underperformance in IT Sector

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 over 9 million shares and a total traded value exceeding Rs 215.88 crores. The stock opened at Rs 237.20 and reached an intraday high of Rs 240.85, reflecting a 2.43% increase during the trading session. However, it is noteworthy that Wipro's performance has underperformed its sector by 0.86%, as the IT software sector overall gained 3.04%.
As of the latest update, Wipro's last traded price stands at Rs 240.40, while the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's liquidity remains robust, with a delivery volume of 1.1 crore shares on April 22, marking a 24.34% increase compared to the 5-day average delivery volume.

Wipro's market capitalization is approximately Rs 2,50,710.30 crores, categorizing it as a large-cap company. Overall, while the stock has shown notable activity today, it continues to face challenges in aligning with broader sector performance.