WIT Stock Summary and Trading Ideas (Wipro | NYSE:WIT)

Wipro is a multinational IT services provider based in Bengaluru, India. The company pivoted into the IT space in the 1980s and grew into one of the largest Indian IT consulting companies during the dot-com boom. Nowadays, Wipro leverages its offshore outsourcing model to derive a significant portion of its revenue from North America and Europe.

Wipro trades on the NYSE stock market under the symbol WIT.

As of June 4, 2026, WIT stock price declined to $2.07 with 8,752,340 million shares trading.

WIT has a beta of 0.66, meaning it tends to be less sensitive to market movements. WIT has a correlation of 0.06 to the broad based SPY ETF.

WIT has a market cap of $21.71 billion. This is considered a Large Cap stock.

Last quarter Wipro reported $3 billion in Revenue and $.04 earnings per share. This fell short of revenue expectation by $-37 million and met earnings estimates .

In the last 3 years, WIT traded as high as $3.79 and as low as $1.80.

The top ETF exchange traded funds that WIT belongs to (by Net Assets): QTUM, FVD, VXUS, SPEM, VWO.

WIT has underperformed the market in the last year with a return of -22.5%, while the SPY ETF gained +28.2%. In the last 3 month period, WIT fell short of the market, returning -5.9%, while SPY returned +11.5%. However, in the most recent 2 weeks WIT has outperformed the stock market by returning +5.1%, while SPY returned +2.1%.

WIT support price is $2.08 and resistance is $2.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WIT shares will trade within this expected range on the day.