Wipro shares dropped 15% in the last month

Wipro shares fell 1.76% to Rs 259.30, marking a 15.11% decline over the past month. This drop continues a six-session losing streak for the IT firm. The company announced a realignment of its global business lines to better meet client needs and leverage new technologies. Analysts suggest a long-term investment perspective for Wipro, despite current bearish trends. Support for the stock is seen between Rs 255-245, while resistance is above Rs 270. The stock is currently trading below all major moving averages, indicating a weak performance.