Wipro's Stock Gains 4.03%, Outperforms Sector 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 July 26, 2024, the company's stock gained 4.03%, outperforming the sector by 1.65%. This positive trend has been noticed by MarketsMOJO, who have given a 'Buy' call for the stock.

The stock has been on a consecutive gain for the last two days, with a rise of 5.36% in this period. It also touched an intraday high of Rs 527.15, showing a 4.02% increase. Wipro's moving averages are also looking strong, with it being higher than the 50-day, 100-day, and 200-day moving averages. However, it is lower than the 5-day and 20-day moving averages.

The IT software sector as a whole has also been performing well, with a gain of 2.08%. This further highlights Wipro's positive performance in the market. In comparison to the Sensex, Wipro has outperformed with a 1-day performance of 3.71% versus the Sensex's 1.42%. In the last month, Wipro has also outperformed the Sensex with a 6.15% gain compared to the Sensex's 3.19%.

With such strong performance in the stock market, Wipro is proving to be a promising investment for investors. Its consistent growth and outperformance in the IT software sector make it a top choice for those looking to invest in largecap companies.