Wipro (NYSE:WIT) Hits New 52-Week Low – Here’s What Happened

Posted by Francis Steltz on Sep 24th, 2026

Wipro Limited (NYSE:WIT – Get Free Report)’s stock price reached a new 52-week low on Thursday . The company traded as low as $1.6450 and last traded at $1.6550, with a volume of 1961638 shares. The stock had previously closed at $1.69.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Wipro from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $2.20 to $1.70 in a research report on Wednesday, June 24th. CLSA downgraded Wipro from a “hold” rating to an “underperform” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings upgraded Wipro from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell” and an average target price of $1.70.

Check Out Our Latest Stock Report on WIT

Wipro Trading Down 2.7%

The firm’s fifty day moving average price is $1.85 and its two-hundred day moving average price is $2.02. The stock has a market capitalization of $16.27 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 3.86 and a beta of 0.95.

Wipro (NYSE:WIT – Get Free Report) last released its quarterly earnings results on Friday, July 17th. The information technology services provider reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.60 billion. Wipro had a net margin of 13.93% and a return on equity of 15.40%. As a group, sell-side analysts anticipate that Wipro Limited will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wipro

A number of institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Wipro in the 4th quarter valued at about $22,036,000. First Trust Advisors LP grew its holdings in Wipro by 20.9% in the first quarter. First Trust Advisors LP now owns 18,557,277 shares of the information technology services provider’s stock valued at $39,341,000 after purchasing an additional 3,206,153 shares during the period. Nykredit A S acquired a new stake in Wipro in the second quarter valued at approximately $3,782,000. BNP Paribas Financial Markets increased its position in shares of Wipro by 9.2% in the fourth quarter. BNP Paribas Financial Markets now owns 11,013,407 shares of the information technology services provider’s stock valued at $31,278,000 after buying an additional 925,706 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Wipro by 46.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,136,767 shares of the information technology services provider’s stock valued at $6,068,000 after buying an additional 682,194 shares in the last quarter. 2.36% of the stock is currently owned by institutional investors and hedge funds.

Wipro Company Profile

(Get Free Report)

Wipro Limited (NYSE: WIT) is a global information technology, consulting and business process services company. It helps organizations modernize their technology environments, improve operational efficiency and develop digital capabilities through consulting, systems integration, application services and managed services.

Its offerings include cloud computing, cybersecurity, data and analytics, artificial intelligence, digital engineering, enterprise applications, infrastructure management and business process services.