WIPRO - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.5
| Stock Code | WIPRO | Market Cap | 2,03,964 Cr. | Current Price | 194 ₹ | High / Low | 275 ₹ |
| Stock P/E | 17.0 | Book Value | 61.5 ₹ | Dividend Yield | 5.66 % | ROCE | 23.0 % |
| ROE | 17.8 % | Face Value | 2.00 ₹ | DMA 50 | 219 ₹ | DMA 200 | 243 ₹ |
| Chg in FII Hold | -0.23 % | Chg in DII Hold | 0.52 % | PAT Qtr | 2,782 Cr. | PAT Prev Qtr | 2,614 Cr. |
| RSI | 30.6 | MACD | -8.28 | Volume | 2,49,79,987 | Avg Vol 1Wk | 1,84,48,960 |
| Low price | 188 ₹ | High price | 275 ₹ | PEG Ratio | -4.25 | Debt to equity | 0.12 |
| 52w Index | 7.11 % | Qtr Profit Var | -2.06 % | EPS | 11.5 ₹ | Industry PE | 20.9 |
📊 Analysis: WIPRO shows weak-to-moderate intraday potential. Current price (₹194) is below both DMA50 (₹219) and DMA200 (₹243), reflecting short-term and medium-term weakness. RSI at 30.6 indicates oversold territory, while MACD (-8.28) confirms bearish momentum. Volume today (2.49 Cr.) is higher than the 1-week average (1.84 Cr.), suggesting strong intraday participation, though likely driven by selling pressure. Fundamentals are decent with ROCE (23.0%) and ROE (17.8%), but valuation is modest at P/E 17.0 vs industry 20.9, and quarterly profits have slightly declined.
💡 Optimal Buy Price: ₹190–₹193 if price stabilizes near support.
🎯 Profit Exit Levels: ₹200 (first target), ₹208 (second target).
🛡️ Stop-Loss: ₹188 to protect against downside risk.
⏱️ If Already Holding: Consider exiting near ₹200 if momentum weakens. If price fails to hold above ₹193 with declining volume, exit early to avoid intraday losses.
✅ Positive
- Strong ROCE (23.0%) and ROE (17.8%) highlight efficient capital use.
- Dividend yield (5.66%) adds strong shareholder value.
- Quarterly PAT improved slightly (₹2,614 Cr. → ₹2,782 Cr.).
⚠️ Limitation
- Price trading below DMA50 & DMA200 shows technical weakness.
- RSI (30.6) indicates oversold conditions, raising risk of volatility.
- PEG ratio (-4.25) signals weak growth prospects.
📉 Company Negative News
- FII holding reduced (-0.23%), showing cautious foreign sentiment.
- Quarterly profit variation (-2.06%) indicates earnings pressure.
📈 Company Positive News
- DII holding increased (+0.52%), reflecting domestic institutional support.
- EPS (₹11.5) remains stable relative to book value.
🏭 Industry
- Industry P/E at 20.9 is slightly higher than company’s (17.0), suggesting WIPRO is modestly undervalued compared to peers.
- Sector shows modest growth with 52-week index gain of 7.11%.
🔎 Conclusion
WIPRO is fundamentally stable but technically weak for intraday trades. The stock is oversold and may offer short-term bounce opportunities, but bearish momentum persists. Suitable only for cautious entries near support with strict stop-loss discipline. Momentum traders should wait for RSI recovery and MACD reversal before committing to larger intraday positions.
Would you like me to extend this into a peer benchmarking overlay for WIPRO against other IT services sector stocks, so you can compare relative intraday strength and compounding potential?