Wipro (NYSE:WIT) Shares Break Below Two Hundred Day Moving Average – Here’s What Happened

Posted by Francis Steltz on Oct 28th, 2026

Wipro Limited (NYSE:WIT – Get Free Report) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2.10 and traded as low as $2.06. Wipro shares last traded at $2.0850, with a volume of 11,870,604 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on WIT shares. CLSA lowered Wipro from a “hold” rating to an “underperform” rating in a research report on Wednesday, August 19th. Weiss Ratings downgraded shares of Wipro from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. Four analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average price target of $1.70.

Read Our Latest Stock Analysis on Wipro

Wipro Stock Performance

The firm has a 50 day simple moving average of $1.81 and a two-hundred day simple moving average of $2.09. The stock has a market cap of $20.43 billion, a P/E ratio of 15.89, a P/E/G ratio of 4.22 and a beta of 0.97.

Wipro (NYSE:WIT – Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.58 billion. Wipro had a return on equity of 15.64% and a net margin of 13.58%. As a group, equities research analysts predict that Wipro Limited will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Wipro

A number of institutional investors and hedge funds have recently bought and sold shares of WIT. Verdence Capital Advisors LLC boosted its stake in Wipro by 53.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 38,344 shares of the information technology services provider’s stock valued at $63,000 after purchasing an additional 13,293 shares in the last quarter. Leo Wealth LLC bought a new stake in shares of Wipro in the 3rd quarter worth $26,000. Signaturefd LLC raised its stake in shares of Wipro by 11.6% in the 3rd quarter. Signaturefd LLC now owns 362,295 shares of the information technology services provider’s stock worth $598,000 after buying an additional 37,777 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Wipro by 69.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 165,384 shares of the information technology services provider’s stock worth $273,000 after buying an additional 67,640 shares in the last quarter. Finally, Piedmont Capital Management LLC NC boosted its stake in Wipro by 57.2% during the third quarter. Piedmont Capital Management LLC NC now owns 31,941 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 11,626 shares in the last quarter. Institutional investors own 2.36% of the company’s stock.

Wipro Company Profile

(Get Free Report)

Wipro Limited is a global information technology, consulting and business process services company headquartered in Bengaluru, India. The company helps organizations modernize their technology operations, improve business processes and implement digital transformation initiatives.

Wipro provides services including cloud computing, cybersecurity, data and analytics, artificial intelligence, application development and management, engineering, infrastructure services, and business process services.