There has been an atmosphere of volatility in the stock market due to the war between Russia and Ukraine. A large number of shares have seen a fall in their prices. Shares of Tech Mahindra and Wipro are also included in this list. Shares of Wipro came down to Rs 411.80 on NSE today.
The 52 week low of this stock is Rs 402.05. At the same time, the shares of Tech Mahindra are trading around Rs 983. Which is just Rs 40 more than the 52-week low. Shares of Tech Mahindra and Wipro may see further decline.
According to Santosh Meena, Research Head, Swastik Investments, “Tech Mahindra and Wipro shares are trading near their 52-week lows. Tech Mahindra shares are in the demand zone from Rs 950 to Rs 900. At the same time, the psychological support of Wipro Wipro is between Rs 400 and 380. These IT stocks can give good returns in the long term. In such a situation, a golden opportunity has come to bet on them. In the short term, there is a risk about them. PLC/GT