Wipro share declined by -0.63%

On the technical front, the stock is trading above 10,20,50,100,300 day SMA and below 5 day SMA. The stock will find support at 10,20,50,100,300 day SMA and face resistance at 5 day SMA. The SMA values ​​for the stock are given below:

day simple moving average

5 543.62

10 538.66

20 537.38

50 529.25

100 516.88

300 500.86

Classic pivot level analysis shows that on the daily time frame, the stock has key resistances at ₹549.88, ₹552.87, and ₹555.23, while it has key support levels at ₹544.53, ₹542.17, and ₹539.18.

Wipro share price today

As of 11 am today, the traded volume for Wipro on NSE and BSE was 68.15% higher than the previous trading session. Volume traded along with price is an important indicator to study trends. Positive price movement with high volume indicates a sustained uptrend, and negative price movement with high volume may indicate further decline in prices.

Overall, according to Mint technical analysis, the stock is currently experiencing a strong bullish trend.

From a fundamental analysis perspective, the company's ROE is 14.43%. The stock's current P/E stands at 24.40 and P/B at 3.49.

The stock has a 1-year estimated average upside of 4.32%, with a target price of ₹520.00. The company has 0.00% promoter holding, 4.35% MF holding and 7.27% FII holding, as per September quarter filing.

MF holding has declined from 4.64% in June to 4.35% in the September quarter.

FII holding has increased from 7.12% in June to 7.27% in the September quarter.

Wipro's share price is trading -0.64% lower at ₹543.45 today, while its rivals are mixed. Its competitors such as Zomato, Info Edge India, Eclarx Services are falling today, but its competitor Firstsource Solutions is growing. Overall, benchmark indices Nifty and Sensex are down -1.04% and -0.69% respectively.