Transformation of Wipro Ltd

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India is well known for its IT industries which have been providing world-class solutions to its customers all over the world. Wipro is one of those companies which revolutionized the IT sector and also the economy of the country during the past 2000’s. Wipro, headquartered in Bengaluru has its scale of business operations across the globe and also the company has been listed in various stock exchanges outside India too. The widespread business operations of the company has managed to serve its clients successfully with quality solutions. The company has not only managed to build its business in IT sector, but also Infrastructure engineering, Consumer care and Personal care products which shows its well-diversified business to mitigate their losses and risk.
The following graph of Ichimoku cloud indicator shows that the company’s stock price has been trading in a range of Rs.260-235 over past 6 months, but the price fall started at the beginning of the month which denoted a bearish trend for the stock. The red cloud formation denotes the bearish trend of the stock which has ended and lead to the formation of green cloud which has formed for a shorter duration of time. The company is also interested in the Blockchain technology which has been legalized for trading in India by the Supreme Court. The company’s executives are viewing block chain technology as an interesting factor of enterprise for a business. The changes that would take place because of the technology would have an impact on the company’s share price as, if it adopts blockchain in its business operations.


The green cloud formation was due to the market correction which helped in sustaining the losses of the bearish trend of the stock. The market movements have been bearish since the Coronavirus outbreak which has caused barriers on the cashflow in the economy with huge losses to the companies. The Nifty on Thursday fell by 8.2% which also caused all the Nifty 50 stocks to close at their low price for the day’s session and also in red.

The following of chart of parabolic SAR and Moving average Envelope shows that the bearish trend of the stock would continue for the upcoming trading sessions along with the benchmark stocks because of the outbreak. The WHO also declared the Coronavirus outbreak as a global pandemic which triggered the market sentiments causing the stock to fall.


The internal transformation of the company is focused on providing new opportunities and adopting new technologies for providing better solutions to their clients. The company has been performing consistently in various places of its operations which are being affected by the outbreak of the virus.

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