Wipro (NYSE:WIT) Trading Down 11.8% – Should You Sell?

Posted by Francis Steltz on Jul 1st, 2026

Shares of Wipro Limited (NYSE:WIT – Get Free Report) fell 11.8% during trading on Wednesday . The company traded as low as $1.95 and last traded at $1.9850. Approximately 5,712,740 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 12,113,313 shares. The stock had previously closed at $2.25.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WIT shares. JPMorgan Chase & Co. lowered shares of Wipro from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $2.20 to $1.70 in a research note on Wednesday, June 24th. Weiss Ratings upgraded shares of Wipro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $1.70.

Check Out Our Latest Report on WIT

Wipro Stock Performance

The company has a 50-day moving average of $2.12 and a 200-day moving average of $2.36. The firm has a market capitalization of $20.59 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 4.75 and a beta of 0.97.

Wipro (NYSE:WIT – Get Free Report) last announced its earnings results on Thursday, April 16th. The information technology services provider reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Wipro had a net margin of 14.25% and a return on equity of 14.97%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.65 billion. As a group, analysts anticipate that Wipro Limited will post 0.14 EPS for the current fiscal year.

Institutional Trading of Wipro

Hedge funds and other institutional investors have recently modified their holdings of the company. rebel Financial LLC bought a new stake in shares of Wipro in the first quarter valued at about $25,000. Commonwealth Financial Services LLC acquired a new stake in Wipro in the 1st quarter valued at approximately $25,000. Tanager Wealth Management LLP bought a new stake in Wipro in the 1st quarter valued at approximately $28,000. Sapient Capital LLC bought a new stake in Wipro in the 4th quarter valued at approximately $29,000. Finally, Axxcess Wealth Management LLC acquired a new position in Wipro during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 2.36% of the company’s stock.

Wipro Company Profile

(Get Free Report)

Wipro Limited (NYSE: WIT) is an Indian multinational corporation that provides information technology, consulting and business process services. Headquartered in Bengaluru, India, the company traces its origins to 1945 when it was founded as Western India Vegetable Products and later diversified into technology and IT services. Today Wipro positions itself as a provider of enterprise IT solutions and digital transformation services for large and mid-sized organizations across multiple industries.

The company’s service portfolio includes application development and maintenance, cloud and infrastructure services, data analytics and AI, cybersecurity, digital consulting, product engineering and research and development, as well as business process services.