Wipro Ltd is trading at ₹174.35, down 0.08% on the day as of 13:19 IST on the NSE, according to reports from Business Standard. The stock has now declined for a fifth consecutive session, continuing its recent downward trend. The benchmark NIFTY is performing strongly, up around 0.93% on the day, quoting at 24,046.8, while the Sensex stands at 77,061.45, up 1.13%.
Despite today's modest decline, Wipro has experienced significant underperformance over the longer term. As reported by Business Standard, the stock has tumbled 35.28% in the last one year, substantially outpacing the 4.75% slide in the NIFTY and the 29.66% fall in the Nifty IT index. This performance gap highlights the company's challenges relative to broader market movements.
The stock has shown continued weakness in recent months, losing around 15.71% in the last one month, according to Business Standard reports. Meanwhile, the Nifty IT index, of which Wipro is a constituent, has eased around 5.23% in the same period and is currently quoting at 27,012.05, up 1.68% on the day. The volume in the stock stood at 409.01 lakh shares today, compared to the daily average of 350.77 lakh shares in the last one month.
The benchmark June futures contract for Wipro is quoting at ₹175.07, up 0.59% on the day, as reported by Business Standard. The stock's PE ratio stands at 15.11 based on TTM earnings ending March 26, providing context for the current valuation levels amid the extended period of underperformance.
