WIPRO - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 2.9
| Stock Code | WIPRO | Market Cap | 1,97,505 Cr. | Current Price | 188 ₹ | High / Low | 275 ₹ |
| Stock P/E | 16.4 | Book Value | 61.5 ₹ | Dividend Yield | 5.84 % | ROCE | 23.0 % |
| ROE | 17.8 % | Face Value | 2.00 ₹ | DMA 50 | 218 ₹ | DMA 200 | 242 ₹ |
| Chg in FII Hold | -0.23 % | Chg in DII Hold | 0.52 % | PAT Qtr | 2,782 Cr. | PAT Prev Qtr | 2,614 Cr. |
| RSI | 26.0 | MACD | -8.46 | Volume | 1,43,31,784 | Avg Vol 1Wk | 1,74,36,901 |
| Low price | 188 ₹ | High price | 275 ₹ | PEG Ratio | -4.11 | Debt to equity | 0.12 |
| 52w Index | 0.84 % | Qtr Profit Var | -2.06 % | EPS | 11.5 ₹ | Industry PE | 20.8 |
📊 WIPRO shows weak potential for swing trading at current levels. The RSI at 26.0 indicates oversold conditions, which could support a short-term bounce. However, the MACD is negative (-8.46), and the stock is trading well below both its 50 DMA (218 ₹) and 200 DMA (242 ₹), reflecting strong bearish momentum. Valuation is reasonable (P/E 16.4 vs industry 20.8), and fundamentals are decent with ROCE at 23% and ROE at 17.8%. Dividend yield is attractive at 5.84%, but quarterly profits declined slightly (-2.06%). Institutional activity is mixed, with FIIs reducing (-0.23%) and DIIs increasing (+0.52%). Overall, this is a cautious swing candidate.
💡 Optimal Entry Price: Around 185–190 ₹ (near support zone).
📈 Exit Strategy if Holding: Consider exiting near 215–220 ₹ (close to 50 DMA resistance) unless momentum strengthens further.
Positive
- Strong ROCE (23%) and ROE (17.8%) show efficient capital use.
- Attractive dividend yield of 5.84% provides investor returns.
- Valuation is reasonable compared to industry (P/E 16.4 vs 20.8).
- Quarterly PAT improved sequentially (2,782 Cr. vs 2,614 Cr.).
Limitation
- Stock trading well below DMA 50 and DMA 200, showing bearish technicals.
- RSI at 26.0 indicates oversold but also weak momentum.
- Volumes below weekly average, reflecting reduced trader interest.
Company Negative News
- FII holdings reduced (-0.23%), showing weaker foreign investor confidence.
- Quarterly profit variation (-2.06%) highlights earnings pressure.
- Weak 52-week performance (Index only 0.84%).
Company Positive News
- DII holdings increased (+0.52%), showing domestic institutional support.
- Dividend yield of 5.84% adds strong shareholder value.
Industry
- Industry P/E at 20.8 is slightly higher than WIPRO’s, suggesting fair valuation.
- IT sector remains stable but faces margin pressures.
Conclusion
⚖️ WIPRO is fundamentally stable with strong efficiency and attractive dividends, but technically weak and oversold. While a short-term bounce is possible, bearish signals and weak momentum make it risky. Entry near 185–190 ₹ with an exit around 215–220 ₹ is advisable, but strict risk management is essential.