Wipro Slides Sharply, Hits Multi-Years Low

$WIPRO o$WIPRO witnessed sustained selling pressure through the session on Monday, 8 June 2026, extending losses up to 12 PM with a decline of over 6.5%. The stock slipped to its lowest level since April 2026, reflecting continued weakness in IT sector sentiment. On a year-to-date basis, the company has seen significant erosion in investor wealth, with nearly 29.65% of its market capitalisation wiped out in calendar year 2026 so far. Persistent global IT demand concerns, margin pressures, and cautious client spending have weighed on performance, keeping the stock under pressure amid broader sectoral volatility and risk-off sentiment. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.