Wipro outperforms market despite losses on the day

Wipro outperforms market despite losses on the day

Wipro Ltd. 507685, -1.19% shares shed 1.19% to 401.40 Indian rupees Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P BSE Sensex Index 1, -1.27% falling 1.27% to 60,205.06.

Wipro Ltd. closed 214.50 rupees below its 52-week high (615.90 rupees), which the company achieved on March 21.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as MphasiS Ltd. MPHASIS, -2.23% fell 2.23% to 2,070.00 rupees and Tata Consultancy Services Ltd. TCS, -0.19% fell 0.19% to 3,429.75 rupees.

Trading volume (206,523) remained 313,401 below its 50-day average volume of 519,924.

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