Thread by @themukulagrawal

With a fall of over 🤯 40%, the price has fallen from Rs 715.20 to Rs 396.40

WIPRO became the worst-performing share among Tier-1 IT Companies.

Market Cap is 📉 down to Rs 2.17 lakh crore on BSE.
Check Out Analysis, Whether Should you invest in 2023? Or stay away from it.
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📍 On the other hand, Infosys stock has lost 18%

📍 However, The BSE IT index has fallen 22.15% or 8,383 points to 29,461 this year.
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📍 - Since the war in Europe and the slowdown in US & Europe, the IT sector needs to perform better.

📍 - Almost every IT stock has fallen but WIPRO has fallen more than anyone else.
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2) 👉 Why is the share price falling?

📍 Weakening of foreign market: Wipro earns around 90% of its profit from Europe & US.

📍 Other businesses could be doing better: consulting is one of them due to the European crisis.
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📍 Growth rate shrinking.

📍 Wrong acquisitions made by companies: Like Capco & Rising.

📍 Wipro is under selling pressure.
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3) 👉 What should you do?

📍 Since WIPRO is among the Top 18% of companies.

📍 Leading technology services & consulting company.

📍 It will take time for shares to perform if the macroeconomic crisis in Europe & US and the war in Europe stop.
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What do you think in 2023 the stocks of Indian IT companies may fall further?

COMMENT! 👇
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For better analysis. Check out this detailed video on Wipro stock 👇👇



#wipro #istock #fall #stockmarketfall #BSE
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