Wipro Ltd continued its positive momentum for the third straight session, trading at ₹209.01, up 1.26% as of 12:49 IST on the NSE. According to reports from Business Standard, the stock's recent performance comes amid broader market gains with the NIFTY up 0.19% at 23,426.15 and the Sensex gaining 0.35% to 74,526.12. The IT sector showed particular strength with the Nifty IT index rising 4.18% on the day, currently quoted at 29,854.25.
Despite the recent gains, Wipro remains under pressure over the longer term, declining 15.11% over the past year compared to a 4.55% slide in the NIFTY and a 15.51% decline in the Nifty IT index. As reported by Business Standard, the stock has shown resilience in the short term, gaining 4.11% over the last month. The benchmark June futures contract for Wipro is trading at ₹194.8, up 2.19% on the day, indicating positive sentiment among futures traders.
Trading activity showed increased interest with volume at 294.64 lakh shares today, compared to the daily average of 267.55 lakh shares over the last month. According to Business Standard, the stock's PE ratio stands at 17.86 based on trailing twelve months earnings ending March 2026. The IT sector's strong performance with the Nifty IT index gaining 6.97% over the last month has provided a supportive backdrop for Wipro's recent recovery.
