Wipro share price falls 1.83% to ₹166.89 on September 16

Key Takeaways 

• Wipro declined ₹3.11 or 1.83% to ₹166.89 after trading between ₹166 and ₹171 on volume of 11.41 million shares. 
• The closing price stood only ₹1.89 above the 52-week low of ₹165 and remained below all three moving averages. 
• Every displayed return period was negative, with the one-year figure at -33.58% and six months at -15.53%. 

Wipro share price closed September 16 at ₹166.89, down ₹3.11 or 1.83%. The previous close and opening price were both displayed at ₹170. The stock reached ₹171 at the high and fell to ₹166 before ending just ₹0.89 above the bottom of the range. 

Only ₹5 separated the high and low. From the opening price to the close, Wipro declined ₹3.11. Trading volume reached 11,407,319 shares, while market capitalisation stood at ₹1,65,304 crore. The relatively narrow rupee band came with more than 11 million shares traded. 

The closing price remained almost directly above its 52-week low. That annual low was ₹165, leaving Wipro only ₹1.89 higher. The 52-week high stood at ₹273, a ₹106.11 difference from the latest close. Even the session high of ₹171 was only ₹6 above the annual bottom. 

All three moving averages were higher. The 50-day DMA stood at ₹179.10, leaving the closing price ₹12.21 lower. The 100-day DMA was ₹186.30, a gap of ₹19.41. At ₹201.60, the 200-day DMA was ₹34.71 above the September 16 finish. 

Historical returns were negative throughout. One month stood at -9.30%, while three months was -7.99%. Six months came in at -15.53%. The one-year return was -33.58%, more than twice the magnitude of the six-month figure. The difference between three months and one year reached 25.59 percentage points. 

September 16 added a 1.83% decline and left Wipro near both its daily and annual lows. The nearest moving average was still more than ₹12 higher, while the entire session stayed within ₹6 of the 52-week bottom. Volume was substantial relative to the narrow ₹5 intraday range, making that combination one of the more distinctive features of the day's data.