Wipro Limited: The Winning Streak Continues (WIT)

October 15, 2021 09:46:44

Shares of Wipro Limited (NYSE:WIT) traded at a new 52-week high today of $9.85. So far today approximately 238,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

In the past 52 weeks, Wipro Limited share prices are bracketed by a low of $4.76 and a high of $9.85 and is now at $9.85, 107% above that low price.

Wipro is a leading global IT services provider, with 175,000 employees. Based in Bengaluru, the Indian IT services firm leverages its offshore outsourcing model to derive over half of its revenue (57%) from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service.

Wipro Limited (NYSE:WIT) is currently priced 9.7% above its average consensus analyst price target of $8.89.

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