Wipro Share Gains Nearly 1% to ₹239.20 in Early Trade; Steady Move Ahead of Results
Wipro share rose 0.97% to ₹239.20 in early trading on April 21 amid stable buying in large-cap IT stocks. Q4 results due this week.
Key Highlights:
Wipro Share Trades at ₹239.20, Up 0.97% on April 21
Wipro Share traded higher in the morning session on April 21, gaining ₹2.30 or 0.97% to quote at ₹239.20 as of 9:45 AM IST. The stock opened at ₹237.40 and climbed to an intraday high of ₹240.60, tracking firm sentiment in the broader IT space.
The upmove comes ahead of Wipro’s Q4 FY24 earnings, expected to be released later this week.
Wipro Share Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹239.20 |
| Day’s High | ₹240.60 |
| Day’s Low | ₹237.40 |
| Opening Price | ₹237.40 |
| Previous Close | ₹236.90 |
| Market Cap | ₹2.50 Lakh Cr |
| P/E Ratio | 19.10 |
| Dividend Yield | 2.51% |
| 52-Week High | ₹323.60 |
| 52-Week Low | ₹208.50 |
What’s Supporting Wipro’s Upmove Today?
- Stable buying in large-cap IT names post Infosys and TCS earnings
- Expectations of improved deal flow and EBIT margin in Q4
- Valuation comfort with P/E at 19.10, among the lowest in Tier-I IT pack
- Yield-seeking investors attracted by dividend yield of 2.51%
Wipro vs Peers – IT Stock Comparison
| Stock | Price (₹) | Change (%) |
|---|---|---|
| Infosys | 1,446.00 | +1.87% |
| Wipro | 239.20 | +0.97% |
| TCS | 3,929.20 | +0.65% |
| HCLTech | 1,623.40 | +1.20% |
| Tech Mahindra | 1,303.70 | +0.95% |
While Wipro trails Infosys and HCLTech in terms of % gains, it remains steady ahead of its result-led catalyst.
Wipro Share: Technical Levels to Track
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 235.00 |
| Strong Support | 230.00 |
| Resistance Zone | 242.00 / 250.00 |
| Breakout Trigger | 252.00 |
A move above ₹242 could signal fresh momentum and open room toward the ₹250–₹252 resistance zone.
Analysts’ Expectations Ahead of Q4 Results
- ICICI Securities: “Muted revenue, focus on FY25 guidance. Maintain ‘Hold’, TP ₹250.”
- Axis Capital: “Improving operational metrics likely. Watch deal wins and attrition trend.”
- Nomura: “Expect EBIT margin stability. Prefer Infosys over Wipro near term.”
Final Word on Wipro Share Today
Wipro share moved higher in early trade, supported by sector-wide optimism and pre-result accumulation. While price action remains measured, a close above ₹242 may attract momentum traders. Investors should monitor Q4 earnings guidance for clues on FY25 growth trajectory.
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