Wipro Ltd down for fifth straight session

Wipro Ltd is quoting at Rs 233.2, down 2.79% on the day as on 13:24 IST on the NSE. The stock tumbled 15.71% in last one year as compared to a 7.62% rally in NIFTY and a 2.69% spurt in the Nifty IT index.

Feb 27, 2020 08:02 IST capital market

Wipro Ltd is down for a fifth straight session today. The stock is quoting at Rs 233.2, down 2.79% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.54% on the day, quoting at 11615.1. The Sensex is at 39648.31, down 0.6%.Wipro Ltd has lost around 4.45% in last one month.Meanwhile, Nifty IT index of which Wipro Ltd is a constituent, has eased around 1.67% in last one month and is currently quoting at 16332.25, down 1.08% on the day. The volume in the stock stood at 29.14 lakh shares today, compared to the daily average of 27.22 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 232.9, down 2.98% on the day. Wipro Ltd tumbled 15.71% in last one year as compared to a 7.62% rally in NIFTY and a 2.69% spurt in the Nifty IT index.

The PE of the stock is 16.95 based on TTM earnings ending December 19.

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