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Wipro Ltd Rise for Fifth Session

Wipro's stock fell after the it acquired a 60% share in a US-based insurtech firm Aggne Global.

On the National Stock Exchange (NSE), Wipro Ltd quoted Rs 395.35, up 1.18%. The stock is down 44.73% in 2021 compared to a 5.04% gain in Nifty and a 25.39% gain in the Nifty FMCG.

On December 30, 2022, Wipro Ltd gained for a fifth straight session. The stock is quoted at Rs 395.35, up 1.18%. The benchmark Nifty is up around 0.21%. The Sensex is at 61,302.92, up 0.28%. Wipro Ltd dropped around 4.44% on November 2022.

Meanwhile, the Nifty FMCG index, of which Wipro Ltd is a constituent, has dropped around 7.21% in the previous month and is currently quoting at 28,687.2, up 0.66%. The volume in the stock stood at 27.59 lakh shares on Friday compared to the daily average of 50.33 lakh shares on November 2022. 

In the January futures contract, the benchmark for the stock is quoted at Rs 395.15, up 0.93% on the day. The company’s stocks went down 44.73% in 2021 compared to a 5.04% gain in Nifty and a 25.39% gain in the Nifty FMCG index.

The private equity of the stock is 17.22 based on TTM earnings ending September 2022.

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