Wipro shares have declined 11% from their 52 week high of Rs 443.60 hit on September 15 this year. The IT stock hit an all-time high of Rs 726.70 on January 3, 2022.
The Indian IT sector is facing headwinds due to the broader macroeconomic conditions and cutbacks on discretionary spends. Amid this another prominent trend is multiple senior level executives exits
As per the numbers shared during the Q2 FY 2023-24 results, the 10 largest companies saw their workforce fall to 20.6 lakh people at the end of September from 21.1 lakh employees at the beginning of the fiscal year, resulting in a loss of 51,744 jobs.
Wipro share price today: Wipro stock hit an all-time high of Rs 726.70 on January 3, 2022. Wipro shares closed on a flat note at Rs 382.05 in the previous session, falling 47.42% from record high during the period.
Wipro share price declined over 4 per cent in early trade on BSE on Thursday, October 19, a day after the IT company released its July-September quarter (Q2) earnings.