Wipro Limited witnessed a significant decline in its stock price today, with shares falling over 3%. The company’s stock dropped to ₹533.00, down from its previous close of ₹549.55, resulting in a substantial market capitalization loss of approximately ₹8,392.49 crore.
The stock, which opened at ₹552.85, reached a high of ₹552.85 before falling to a low of ₹532.05 during the trading session. The total market cap now stands at ₹2,78,784.21 crore.
This decline comes amidst general market volatility, and Wipro’s stock has been under pressure despite being one of the prominent names in the IT sector. The stock had earlier recorded a 52-week high of ₹579.90 but has now moved closer to its 52-week low of ₹375.05.
As of the time of writing, Wipro shares continue to trade lower, reflecting investor concerns and broader market trends.
For investors, the current movement indicates caution, as market conditions remain volatile.
This sharp decline in market capitalization highlights the challenges faced by the IT sector as companies navigate through global economic uncertainties and sector-specific pressures.
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