Wipro, India’s third largest software services exporter, is in the news again. This time, it is because of the sharp fall in its share price on the National Stock Exchange (NSE). Wipro’s share price has been on a downward spiral since July this year and has lost over 20% of its value. This is in spite of the fact that the company has posted strong quarterly results. So, what is behind this fall in Wipro’s share price?
What is the current share price of Wipro on the NSE
The current share price of Wipro on the NSE is Rs.257.15. Wipro is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them future ready.
How has Wipro’s share price performed on the NSE over the last year
Wipro’s share price has been on a steady decline over the last year. The stock is currently trading at around Rs.320, which is down from its 52-week high of Rs.455. There are several reasons for this decline, including the company’s poor performance in recent quarters, concerns about its debt levels, and intensifying competition in the IT services sector.
Investors are clearly worried about Wipro’s prospects, and the stock is unlikely to rebound until there is some evidence of a turnaround in the company’s business. In the meantime, investors would be wise to avoid this stock.
What is the 52 week high and low for Wipro’s shares on the NSE
Wipro’s 52 week high on the NSE is Rs.562.35 and its 52 week low is Rs.345.05. Wipro is an Indian multinational corporation that provides information technology, consulting and business process services. It is the third largest IT services company in India by revenue and fourth largest employer of H-1B visa holders in the United States.
What is Wipro’s market capitalization on the NSE
As of September 2020, Wipro has a market capitalization of ₹2.05 trillion (US$28 billion) on the National Stock Exchange of India.
How many shares of Wipro are traded on the NSE each day
According to data from the National Stock Exchange of India (NSE), an average of 16.6 million shares of Wipro Ltd. (WIT) were traded on the NSE each day in December 2020. This is down from an average of 20.4 million shares that were traded each day in November 2020. The decrease in trading volume can be attributed to a number of factors, including the overall decline in stock market activity during the month of December and the holiday season.
Who are the major shareholders of Wipro
Wipro is an Indian multinational corporation that provides information technology, consulting and business process services. It is the third largest IT services company in India and employs over 155,000 people worldwide. The company was founded in 1945 by two brothers, Azim Premji and Hasham Premji, as a vegetable and edible oil trading business. The company later diversified into other areas such as detergents, soaps, lightbulbs, cosmetics, engineering and healthcare.
Wipro’s major shareholders include the Premji family, who own a majority stake in the company, as well as institutional investors such as Life Insurance Corporation of India (LIC), State Bank of India (SBI), HDFC Bank and ICICI Bank.
The Premji family is one of the richest families in India, with a net worth estimated at US$17 billion. Azim Premji is the chairman of Wipro and also one of the richest men in India, with a net worth of US$15.3 billion. He is often referred to as the Warren Buffett of India.
The Institutional investors hold a significant minority stake in the company and are important stakeholders. LIC is the largest shareholder with a 9.23% stake, followed by SBI (7.95%), HDFC Bank (4.11%) and ICICI Bank (2.04%).
What is the dividend yield for Wipro shares on the NSE
Wipro shares are currently trading on the National Stock Exchange at ₹ 253.35. The dividend yield for Wipro shares is 1.96%.
When is the next earnings release date for Wipro
Wipro is set to release its earnings for the quarter ending June 30, 2019 on July 17, 2019. This will be followed by a conference call with analysts at 10:00 AM IST.
What analysts are covering Wipro’s stock on the NSE
There’s no need to be alarmed—Wipro’s stock is still doing well on the NSE. In fact, analysts are confident in its future and have given it a “buy” rating. So if you’re thinking about investing in Wipro, now might be a good time to do so.
What news stories are affecting Wipro’s share price on the NSE today
Wipro’s share price on the National Stock Exchange (NSE) is affected by a variety of news stories today. The company has been in the news recently for a number of reasons, including its strong quarterly results, its partnership with Microsoft, and its plans to expand its business in India. All of these factors are positive for Wipro’s share price, and the stock is up in early trading.