2 weeks Ago
Wipro share price today dropped to Rs 234.90 as of April 17, 2025, 11:51 AM IST. It is a 5.
15% loss from yesterday's close of Rs 247.65. Today, the share opened at Rs 235.
00 and fluctuated between a session low and high of Rs 232.15 and Rs 237.10, respectively.
The decline is mainly driven by the Wipro Q4 results announcement, which forecast a revenue drop of 1.5% to 3.5% for Q1 FY26.
Even though the stock has declined, it is now trading just above its volume-weighted average price (VWAP) of Rs 233.99. Thus, indicating some interest from investors at these levels.
Despite the downtrend, Wipro stock enjoyed a high volume of 31.75 million shares, much higher than the 20-day average volume of around 6.8 million shares.
This spike in volume suggests Wipro shares are attracting additional investor interest on the news of its latest quarter report. Higher volume also speaks of growing volatility , something which is being followed keenly by investors in today's uncertain business landscape. Wipro's market capitalization stands at a healthy Rs 246,102 crore right now, solidifying its leadership in the IT sector.
Even though there was a decline today, Wipro is still among the industry's largest players, providing stability to long-term investors. Wipro shares are nearing their lower circuit limit of Rs 222.90, while the upper circuit value is Rs 272.
40. The stock's 52-week high was Rs 324.60, and its 52-week low was Rs 208.
50. This wide trading range indicates the volatility of the stock over the last year. Its current price means that Wipro shares are closing in on the lower part of this range.
Historically, the all-time peak for the stock continues to be Rs 369.93. There is potential for great upside if the company turns around from its current issues.
The technical analysis of Wipro's share price today shows a steady loss rate of above 5% during the mid-day trading sessions: Analyzing Wipro's underlying numbers, the company has been consistent in its financials. Its trailing twelve-month (TTM) earnings per share (EPS) are Rs 11.84, a good year-on-year growth of 12.
25%. The price-to-earnings (P/E) ratio of the company is at 19.85, lower than the sectoral average of 27.
88. Thus, hinting that Wipro's shares could be undervalued compared to its industry counterparts. The P/B value for Wipro stands at 3.
03 while its book value per share amounts to Rs 77.71. It means that the stock is reasonably priced according to the net assets of the company.
Despite the recent share price decline, Wipro has a strong earnings history. Its low dividend yield of 0.43% shows a conservative payout strategy.
On the other hand, the beta of 1.03 reflects that Wipro share price fluctuations closely follow the overall market trend. This is a great indicator of average volatility.
Wipro's latest quarterly earnings report reported a 25.9% year-on-year rise in consolidated net profit at Rs 3,569.6 crore.
However, the company has given a conservative outlook for the upcoming quarter. It anticipates a 1.5-3.
5% decline in IT services revenue for Q1 FY26 on a constant currency basis. Wipro CEO Srini Pallia during the company’s earnings conference noted that clients are growing cautious due to the volatile macroeconomic environment. They are concerned about Trump tariffs and trade wars.
These factors are likely to influence IT demand, particularly from specific sectors, in the coming months. Pallia said this while explaining the cautious future outlook of Wipro . Wipro's share price action continues to be closely linked to overall market trends, and its performance in the next few quarters will largely depend on the resolution of macroeconomic and geopolitical issues.
So, investors need to exercise caution..
