Wipro shares fall 55% from record high, deliver negative returns for up to five years; looking to exit?

Wipro reported Rs 369.93, with movement of 55% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -1.4% on the day at ₹159.62, and has returned -8.0% over three months. It sits 42% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved -3.2% over the same period, so Wipro is running 4.8 points behind its peers.

For Wipro, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.