Wipro Stock Rises 3.2% Over Seven Consecutive Days Amid Sector Gains
Wipro Ltd., a key player in the Computers - Software & Consulting sector, has shown recent gains, outperforming the Sensex. However, its one-year performance remains negative, with a significant year-to-date decline. The company has a market capitalization of approximately Rs 2,60,836.26 crore and offers a dividend yield of 4.46%.
Wipro Ltd., a prominent player in the Computers - Software & Consulting industry, has shown notable activity today, aligning its performance with sector trends. The stock has experienced a consecutive gain over the past week, rising by 3.2%, with a daily increase of 1.02%, outperforming the Sensex's 0.16% gain for the same period.Despite these recent gains, Wipro's one-year performance stands at -5.20%, contrasting with the Sensex's modest increase of 0.85%. Over the past month, Wipro has seen a decline of 2.70%, while the Sensex has risen by 1.08%. Year-to-date, the stock has faced a significant drop of 17.62%, compared to the Sensex's gain of 5.33%.
Wipro's market capitalization is approximately Rs 2,60,836.26 crore, categorizing it as a large-cap stock. The company's price-to-earnings (P/E) ratio is 19.18, notably lower than the industry average of 28.04. Additionally, Wipro offers a high dividend yield of 4.46%, reflecting its commitment to returning value to shareholders.
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