WIPRO.NS stock closed the NSE session on 16 Mar 2026 at INR 195.11, down 3.65% from the previous close. We saw selling pressure through the day with volume 12,630,850.00 shares as the Technology sector slipped. The drop follows mixed headlines and continues a YTD decline of 26.10%. We highlight valuation, technicals, and a model forecast that points to a material long-term upside, while flagging short-term risk to support at INR 193.03.
WIPRO.NS stock market snapshot and drivers
WIPRO.NS stock finished the market closed session at INR 195.11, down 7.40 rupees from the prior close of INR 202.51. Intraday range was INR 192.77 to INR 198.29 with volume 12,630,850.00, slightly below average. The Technology sector fell 2.48% today, adding pressure on mid-cap IT names. Recent chart reads, including candlestick patterns, show short-term weakness source. We connect the fall to profit-taking after a multi-month downtrend.
WIPRO.NS stock fundamentals and valuation
WIPRO.NS shows EPS INR 12.62 and a trailing PE 15.66, below the sector average PE of 18.28 for top peers. Key metrics include price average 50 at INR 228.79 and price average 200 at INR 246.60, signaling valuation discount to moving averages. Cash per share is INR 54.78 and book value per share is INR 85.80. The company pays INR 11.00 dividend per share and shows dividend yield roughly 5.57% on trailing data. These fundamentals explain why analysts still view Wipro as value-rich despite recent weakness.
WIPRO.NS stock technicals and trading levels
Technicals show momentum fatigue. RSI sits at 34.08, near oversold levels but not extreme. ADX is 38.48, indicating a strong trend to the downside. Bollinger middle band is INR 204.74 with lower band INR 190.47, placing current price near the lower band. Short-term support is INR 193.03, and immediate resistance is the 50-day at INR 228.79. Traders should watch RSI and ADX for a reversal signal and volume for confirmation.
WIPRO.NS stock: Meyka grade and analyst context
Meyka AI rates WIPRO.NS with a score out of 100: 81.84 | Grade: A | Suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Independent company rating data dated 2026-03-13 also shows a third-party rating of A- | Buy. We present these grades as part of our data-driven market analysis; they are informational and not financial advice.
WIPRO.NS stock: Meyka AI’s forecast and price targets
Meyka AI’s forecast model projects a yearly target of INR 290.89 and a quarterly projection of INR 163.50. Versus the current price INR 195.11, the yearly target implies an upside of 49.09% and the quarterly projection implies a downside of 16.19%. Short-term traders should note the quarterly risk, while longer-term investors may consider the model’s multi-year paths. Forecasts are model-based projections and not guarantees.
WIPRO.NS stock risks and AI-driven opportunities
Wipro faces revenue cyclicality and margin pressure in some verticals, which explains a lower PE of 15.66 versus peers. The company is investing in AI services and cloud transformations, offering growth upside if contract wins accelerate. Key risks include slower deal ramps and client budget cuts. We expect near-term volatility but tangible AI-led revenue opportunities over 12 to 36 months if execution stays on plan.
Final Thoughts
Key takeaways for WIPRO.NS stock: the share closed INR 195.11 on 16 Mar 2026, down 3.65%, with volume 12,630,850.00. Fundamentals remain supportive with EPS 12.62 and PE 15.66, while technicals show short-term downside pressure (RSI 34.08, ADX 38.48). Meyka AI’s forecast model projects a yearly target of INR 290.89, implying 49.09% upside from today’s price, and a quarterly projection of INR 163.50, implying -16.19% near-term risk. We recommend monitoring 50-day (INR 228.79) and 200-day (INR 246.60) averages as key resistance and INR 193.03 as immediate support. For AI-focused investors, Wipro’s investments in AI services and cloud position the stock for potential recovery if contract wins accelerate. Forecasts are model-based projections and not guarantees. For live data and historical patterns, see the candlestick and price history source or our stock page at https://meyka.ai/stocks/WIPRO.NS for real-time updates using our AI-powered market analysis platform.
FAQs
What drove the WIPRO.NS stock drop on 16 Mar 2026?
The drop to INR 195.11 reflected sector weakness and profit-taking. Volume was 12,630,850.00, and technicals signalled short-term selling. No single headline drove the move; market sentiment and rotation from large-cap tech names contributed.
What is Meyka AI’s forecast for WIPRO.NS stock?
Meyka AI’s forecast model projects a yearly target of INR 290.89, implying 49.09% upside from INR 195.11. These are model-based projections and not guarantees.
What are the key support and resistance levels for WIPRO.NS stock?
Immediate support sits at INR 193.03 and the lower Bollinger band INR 190.47. Resistance levels are the 50-day MA at INR 228.79 and the 200-day MA at INR 246.60.
Is WIPRO.NS stock a dividend play?
Wipro pays INR 11.00 per share historically, equating to a trailing yield near 5.57%. The payout ratio is elevated, so dividend sustainability should be reviewed with quarterly earnings.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
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