Categories: Tech

Wipro Shares Keep Climbing – Is This Your Golden Chance to Buy?

Wipro’s Stock is Hot Again—But Should You Jump In?

Here’s What’s Happening

So Wipro’s shares are on fire lately—trading at ₹254.10 as I write this—and everyone’s talking about that massive block deal of 8.5 crore shares. That’s serious money changing hands. But here’s the thing: when a stock moves this fast, you’ve gotta ask yourself if you’re chasing momentum or spotting real value. Let’s break it down.

Why Wipro’s Making Moves

The Numbers Don’t Lie

Up 8% in a month? Beating the Nifty IT index by double? Not bad at all. And that 52-week high of ₹258.50 tells you people are betting big. But—and this is important—it’s still playing catch-up with Infosys and TCS. Like that one friend who’s always late to the party but still manages to have a good time.

That Block Deal Everyone’s Whispering About

₹2,160 crore worth of shares traded in one go—that’s not your average Tuesday. Rumor has it some foreign investor cashed out while Indian mutual funds scooped up the shares. These big deals usually mean two things: short-term chaos, then stability. Kind of like when a new restaurant opens in your neighborhood.

The Real Reasons Behind the Rise

Earnings Were… Okay?

Last quarter wasn’t perfect, but healthcare and banking clients kept things steady. And that cost-cutting plan from the CEO? Actually working. Margins are looking better. Plus, the whole IT sector’s getting love because everyone’s suddenly excited about cloud and AI spending again. Typical market mood swings.

Big Money is Betting on Wipro

Foreign investors upped their stake by 1.2%—that’s a pretty clear vote of confidence. Motilal Oswal even set a ₹290 target price, which would be nice. But check Twitter and you’ll see retail investors split down the middle—half screaming “FOMO!” and the other half yelling “Bubble!”. Classic.

To Buy or Not to Buy?

The Good Stuff

Basics are solid: 3.5% yearly growth isn’t amazing, but it’s steady. And that $1.1 billion in potential deals? Not too shabby.
Price looks fair: At 22 times earnings, it’s cheaper than TCS (30) and Infosys (25). That’s the thing that makes me think there might be room to run.

The Not-So-Good Stuff

America could ruin the party: If the US economy tanks, IT budgets are first to get cut. We’ve seen this movie before.
New kids on the block: Companies like LTIMindtree are grabbing specialized contracts left and right. Competition’s getting fierce.

What the “Experts” Say

Brokerages can’t agree—Jefferies says hold, ICICI says buy. Meanwhile on Twitter, #WiproRally is trending. Honestly? This is why I don’t take stock advice from social media.

Reading the Charts

Short-Term Play

₹255 is the wall it’s trying to break through. If it does, ₹265 could be next. The RSI at 62 says it’s not overcooked yet, but the MACD… well, let’s just say the momentum might be losing steam.

Long Game

Monthly chart shows this “cup and handle” pattern—fancy term for “might go up if it doesn’t crash first.” And historically? Wipro tends to pop after monsoon season when companies start spending again.

Other Options If You’re Nervous

IT Alternatives

Infosys pays better dividends (3.2% vs Wipro’s 1.8%), HCL Tech is safer with all that cybersecurity work, and if you want to gamble, check out Persistent Systems’ AI projects.

Outside IT

Fun fact: searches for Bajaj Finance are up 18% this year. With traditional banks struggling with bad loans, these NBFCs are having a moment.

Final Thoughts

Look, Wipro’s not just riding hype—there’s real improvement here. But at today’s price? It’s a coin flip. Personally, I’d wait for a dip below ₹245 before going all in. Or better yet—and I know this is boring—talk to someone who actually knows what they’re doing before throwing your money around.