Wipro Ltd. Trades 9.9 Million Shares Today, Sees 4.18% Price Decline

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 9,904,426 shares and a total traded value of approximately Rs 240.89 crores. The stock opened at Rs 250.00 but has since seen a decline, with a last traded price of Rs 243.15, reflecting a drop of 4.18% for the day.
The stock has underperformed its sector by 3.4%, marking a trend reversal after three consecutive days of gains. Wipro reached an intraday low of Rs 242, which represents a decrease of 4.65% from the previous close of Rs 253.81. Notably, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite the downturn, there has been a notable increase in investor participation, with delivery volume rising by 52.92% against the 5-day average. Wipro also boasts a high dividend yield of 4.33% at the current price, and its liquidity remains robust, accommodating trade sizes of up to Rs 3.37 crores based on recent trading activity. Overall, Wipro's performance today reflects significant volatility and a shift in market sentiment.