Wipro Ltd up by 8.87%: Traders Market Update | Espresso

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Espresso shot of the day – Wipro Ltd up by 8.87 percent

April 16, 2021
Espresso shot of the day – Wipro Ltd up by 8.87 percent

WIPRO LTD 469.25 (+8.87%) BSE – INE075A01022 | 16TH APRIL 2021

Wipro Limited is a leading global information technology, consulting and business process services company. They harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help their clients adapt to the digital world and make them successful. A company recognised globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, they have over 190,000 dedicated employees serving clients across six continents. Together, they discover ideas and connect the dots to build a better and a bold new future.

Recent Drivers

  • Wipro Limited announced the acquisition of London-headquartered Capco, which provides digital, consulting and technology services in BFSI sector for $1.45 billion.
  • On 15th April 2021, Wipro Limited reported net sales at Rs 16,245.40 crores in March 2021 up 3.14% from Rs 15,750.50 crores in March 2020.
  • On 15th April 2021, Wipro Limited reported quarterly net profit at Rs 2,972.30 crores in March 2021 up 27.78% from Rs 2,326.10 crores in March 2020.
  • On 7th April, Subha Tatavarti joins Wipro Limited from Walmart, where she led product, technology development and commercialisation of enterprise infrastructure along with Security, data science and Edge platforms.
  • On 1st April, Wipro Limited said it has agreed to acquire Ampion, an Australia-based provider of cybersecurity, DevOps and engineering services, for $117 million.
  • On 1st April, Wipro Limited said it has completed the takeover of Metro-NOM GMBH and Metro Systems Romania SRL for 52.04 million euros (about Rs 448.6 crores) as part of its digital and IT partnership deal with Metro AG.

(Sources: CNBCTV-18, Business Standards, Moneycontrol, Business Today, Live Mint)

Technical Force*

  • S&P BSE 100 month till date gain up by -0.37%
  • Traded on new 52 week high value 473.50
  • Spurt in volume by more than 7.47 times compares to previous vol. 3 months avg. Qty – 6,86,999
  • Quantity traded 50,49,540 Deliverable quantity 16,25,952 (32.20 %)
  • Stock price has jumped more than 165% from one year low level – 174, 21 April 2020
  • Daily RSI (14) is near overbought territory today
  • 52 -week high – 473.50 | 52- week low- 174

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

695.37

542.88

464.57

312.08

233.77

81.28

2.97

-

Fibonacci Pivot

542.88

454.72

400.25

365.17

312.08

259

223.92

169.45

81.28


Today’s Close

469.25

SMA

BSE

10 DAY

434.94

20 DAY

423.31

50 DAY

426.27

200 DAY

353.44

Some Key Ratios (Source: BSE)

Market Cap: 2,57,108.70 crores

PE: 25.55

OPM%: 30.35

ROE%: 22.24

Promoters holding : 73.04

Prev. Close: 431.00

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.