Wipro hits 52-week low amid revenue growth worries; down 38% in one year

The growth could be a challenge in Q1FY24, too, not just because of the cautious customer behavior but also due to the added issue of productivity concessions kicking in, says Nirmal Bang in a note.

Shares of Wipro hit a 52-week low of Rs 370.10, down 1.5 per cent on the BSE in Thursday’s intra-day trade amid concerns of weak revenue growth in the current quarter, January-March (Q4FY23). The stock of information technology company fell below its previous low of Rs 372.40, touched on October 17, 2022.

In past one year, Wipro’s stock price has declined 38 per cent, as compared to 1.4 per cent fall in the S&P BSE Sensex. The stock had hit a 52-week high of Rs 616 on March 21, 2022. It hit a record high of Rs 740 on