Narayana Murthy once wanted to work at Wipro. Why did Azim Premji turn him down? Here’s the story
Wipro is in focus.
· LiveMint Companies
Infosys founder Narayana Murthy once applied for a job at Wipro but Azim Premji turned him down. Years later, Premji called it one of his biggest mistakes.
The analysis
Against that, the stock is +2.0% on the day at ₹198.40, and has returned +6.1% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved -2.7% over the same period, so Wipro is running 8.8 points ahead of 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.
Market context
- In focus: Wipro (WIPRO), in IT.
- On the day, 2 of 2 are higher: Infosys leads at +3.5% and Wipro trails at +2.0%.
- Over three months: Wipro +6.1% against IT -2.7% (8.8 points ahead); Infosys -0.6% against IT -2.7% (2.1 points ahead).
- At least 25% below the 52-week high: Wipro (27%) and Infosys (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| WiproWIPRO · IT | ₹198.40 | +2.0% | +22.4% | +6.1% | -27.2% | 0.5× | — |
| InfosysINFY · IT | ₹1,167.40 | +3.5% | +14.4% | -0.6% | -30.9% | 0.6× | — |
IT
1M +7.4% · 3M -2.7%
Wipro, Infosys
Prices as of 5 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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