Wipro Ltd (NYSE: WIT) stock closed at $6.28 on 1/12/24 after a major increase of 16.9%. Moreover, trading volume in this advance was exceptionally high at 748% of normal. The stock has been strong relative to the market over the last nine months and has risen 17.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, WIT is expected to continue to be an important Value Builder.
Wipro has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Wipro has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 67, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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