|Bid||562.70 x 0|
|Ask||0.00 x 0|
|Day's Range||550.70 - 572.00|
|52 Week Range||397.75 - 739.85|
|Beta (5Y Monthly)||0.63|
|PE Ratio (TTM)||25.79|
|Forward Dividend & Yield||1.00 (0.14%)|
|Ex-Dividend Date||Jan 22, 2021|
|1y Target Est||290.68|
After losing some value lately, a hammer chart pattern has been formed for Wipro Limited (WIT), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
LONDON & BANGALORE, India, January 20, 2022--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been recognised by the Top Employers Institute as a top employer in Europe. This was Wipro’s first year applying for certification in Europe, which saw it placed fifth out of over 1,800 companies from around the world.
The heavy selling pressure might have exhausted for Wipro Limited (WIT) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.