Wipro .'s Stock Sees Dip, But Experts Give 'Buy' Call Amid Strong Market Performance

Wipro ., a leading IT software company, has been making headlines in the stock market recently. On November 18, 2024, the company's stock saw a decline of -3.25%, causing some concern among investors. However, experts at MarketsMOJO have given a 'Buy' call for the stock, reassuring investors of its potential.

Despite the recent dip, Wipro . has been performing well in the market. It has been a part of MOJO Stocks on MarketsMOJO since October 23, 2024, indicating its strong presence in the market. The stock has also been consistently outperforming the IT - Software sector, with a fall of only -2.39% compared to the sector's -4.26% in the last 4 days.

On November 18, Wipro .'s stock touched an intraday low of Rs 547.9, a decline of -3.2%. However, it is important to note that the stock's moving averages are still higher than the 50 day, 100 day, and 200 day moving averages, indicating its overall stability in the market.

In comparison to the overall market performance, Wipro .'s stock has seen a decline of -3.61% in the last 1 day, while the Sensex has only seen a decline of -0.50%. Similarly, in the last 1 month, Wipro .'s stock has seen a decline of only -0.57%, while the Sensex has seen a decline of -4.96%.

Overall, Wipro .'s stock may have seen a dip in the recent days, but it has been performing well in the market and has been given a 'Buy' call by experts. With its strong presence in the IT - Software sector and consistent outperformance, Wipro . remains a promising investment option for investors.