Wipro Share Price Today on : Wipro share are up by 1.81%, Nifty up by 0.46% | Stock Market News

Wipro Share Price Today on : Wipro share are up by 1.81%, Nifty up by 0.46% | Stock Market News

Source: Live Mint

Wipro Share Price Today on : At 14 Oct 11:21 today, Wipro shares are trading at price 538.55, 1.81% up from the previous closing price. Sensex is trading at 81908.44, up by 0.65%. The stock has hit a high of 545.35 and a low of 536.4 during the day.

On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at 535.82, 542.13, & 549.87, whereas it has key support levels at 521.77, 514.03, & 507.72.

Till 11 AM today, the volume traded on NSE & BSE for Wipro was 642.72% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is currently experiencing a strong bullish trend.

From a fundamental analysis perspective, the company has a ROE of 14.43% .The current P/E of the stock is at 24.76 & P/B is at 3.54.

The median 1-year forecasted upside in this share is at 5.12% with a target price of 511.00.

The company has a 0.00% promoter holding, 4.35% MF holding, & 7.27% FII holding as per filings in the september quarter.

The MF holding has decreased from 4.64% in june to 4.35% in the september quarter.

The FII holding has increased from 7.12% in june to 7.27% in the september quarter.

Wipro share price up 1.81% today to trade at 538.55 while its peers are mixed. Its peers such as Info Edge India, Firstsource Solutions, Eclerx Services are falling today, but its peers Zomato are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.46% & 0.65% each respectively.



Read Full Article

Leave a Reply

Your email address will not be published. Required fields are marked *