Wipro among 4 stocks showing White Marubozu pattern
Wipro is in focus in an infrastructure development with October 16 in focus.
· Economic Times Markets, ET Stocks
Wipro, Authum Investment & Infrastructure, KPIT Technologies and HFCL featured in StockEdge’s White Marubozu scan on October 16, reflecting strong upward price momentum.
Key facts
- Dates in focus
- October 16
The analysis
Against that, the stock is +4.3% on the day at ₹198.31, and has returned +6.4% 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 -3.1% over the same period, so Wipro is running 9.5 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.
Why it matters
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
Market context
- The 4 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 1 of 4 are higher: Wipro leads at +4.3% and HFCL trails at -5.0%.
- Over three months: Wipro +6.4% against IT -3.1% (9.5 points ahead); Authum Investment & Infrastructure -9.8% against Financial Services -14.9% (5.1 points ahead); KPIT Technologies -10.1% against IT -3.1% (7.0 points behind); HFCL +25.2% against Telecom & Media +0.9% (24.3 points ahead).
- At least 25% below the 52-week high: Wipro (27%), Authum Investment & Infrastructure (26%) and KPIT Technologies (58%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| WiproWIPRO · IT | ₹198.31 | +4.3% | +25.1% | +6.4% | -27.3% | 1.3× | — |
| Authum Investment & InfrastructureAIIL · Financial Services | ₹492.15 | -1.6% | -10.0% | -9.8% | -26.3% | 0.4× | — |
| KPIT TechnologiesKPITTECH · IT | ₹530.25 | -2.5% | +6.2% | -10.1% | -58.2% | 0.5× | — |
| HFCLHFCL · Telecom & Media | ₹231.29 | -5.0% | +1.9% | +25.2% | -14.9% | 0.3× | — |
IT
1M +5.2% · 3M -3.1%
Wipro, KPIT Technologies
Financial Services
1M -8.8% · 3M -14.9%
Authum Investment & Infrastructure
Telecom & Media
1M -0.2% · 3M +0.9%
HFCL
Infrastructure
1M -10.5% · 3M -15.8%
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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