Wipro . Stock Gains 3.1% and Receives 'Buy' Call from MarketsMOJO

Wipro ., a leading IT software company, has been making waves in the stock market with its recent performance. On February 12, 2024, the company's stock gained 3.1%, closing at Rs 511.45. This positive movement has caught the attention of MarketsMOJO, who have given a 'Buy' call for the stock.

The stock is currently trading close to its 52-week high of Rs 526.45, with a difference of only 4.79%. This shows the strong potential for growth in the company's stock. In fact, Wipro . has outperformed the sector by 2.21% in today's trading session.

Not only that, but the stock has been on a consecutive gain for the last 2 days, with a rise of 2.76% in this period. The intraday high for the stock was Rs 504.45, which is a 2.89% increase from the previous day's close.

Wipro . is also performing well in terms of its moving averages, trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong and consistent performance by the company.

In comparison to the overall market performance, Wipro . has shown a positive trend. On a 1-day basis, the stock has gained 3.11% while the Sensex has seen a decline of 0.38%. Similarly, on a 1-month basis, Wipro . has outperformed the Sensex with a gain of 8.62% compared to the Sensex's decline of 1.72%.

With such strong performance and positive indicators, it is no surprise that MarketsMOJO has given a 'Buy' call for Wipro . stock. Investors can keep an eye on this stock as it continues to show promising growth in the IT software industry.