Wipro, Netweb, MTAR slide up to 8% in June 2026

What moved the stocks in early trade

Shares of Wipro, MTAR Technologies and Netweb Technologies fell up to 8% in early deals on Monday, tracking weakness in the broader market. The slide was visible across both large-cap IT services and smaller, high-valuation technology names. Wipro extended losses for a second consecutive session, while Netweb and MTAR saw sharper percentage cuts in early trading.

The broader tape also looked weak, with the Sensex quoted down 1.92% at 74,559.24 in one of the cited market snapshots. In that backdrop, stocks that had rallied recently, or were trading at higher valuation multiples, saw heavier selling pressure.

Wipro extends losses for the second session

Wipro shares slipped 6% to Rs 187.10 on BSE during the session cited in the article text. Another market snapshot in the provided data set showed Wipro at Rs 198.35, down 2.91%, with a “Bearish” technical rating. Since the inputs include multiple time stamps and price references, the consistent takeaway is that Wipro was among the laggards during the broader market decline.

For investors, the key point was the continuation of a down-move rather than a one-off dip. The stock’s weakness also appeared alongside declines in other technology counters in the same peer set.

Netweb Technologies falls as valuations come into focus

Netweb Technologies shares slipped 4.61% to Rs 4,450 from a previous close of Rs 4,665.30, according to one section of the article text. The market capitalisation at that point was reported at Rs 25,754.84 crore.

Separately, another segment said the stock slipped 7.5% to Rs 3,760 against the previous close of Rs 4,065.45, taking the market cap down to Rs 21,690 crore. That move was accompanied by trading activity of 1.86 lakh shares and turnover of Rs 71.88 crore. Across these updates, the common theme was a sharp single-session correction.

The inputs also flagged that analysts attributed the correction to high valuations and margin compression in Q4. The stock had recently hit a 52-week high of Rs 4,962.50 on June 4, 2026, which can amplify profit-booking when sentiment weakens.

Netweb’s recent price action and technical cues

The data set includes a June 5, 2026 snapshot that put Netweb at Rs 4,665.30, down 5.47% compared with a previous close of Rs 4,935.30. It also recorded the day’s trading range at Rs 4,929.00 and Rs 4,644.85, and stated the stock had returned 58.62% in the year and 21.17% in the last five days.

On technical positioning, the article text noted Netweb was trading below its 5-day moving average but above the 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day moving averages. That combination typically reflects a short-term dip within a broader uptrend, though the session-level fall highlighted how quickly momentum can reverse.

Q4 profit growth, but commentary points to margin pressure

Netweb reported net profit of Rs 70.59 crore in its last quarter, according to the provided text. Another line quantified the year-on-year jump at about 65.7%, to roughly Rs 70.6 crore in Q4 versus Rs 42.6 crore in the year-ago period.

Despite the strong profit growth, the sell-off commentary focused on valuation sensitivity and margin compression in Q4. The market reaction suggests investors were weighing not just earnings growth, but the sustainability of margins and the price paid for that growth.

MTAR Technologies also among the sharp decliners

MTAR Technologies fell 7.83% to Rs 6,950 in early deals, making it one of the steepest losers among the three names mentioned. The provided text did not add financial or company-specific triggers for MTAR’s move, so the fall is best read in the context of broader risk-off sentiment and the session’s selling pressure.

Key figures from the session

Peer snapshot included with Netweb coverage

A peer table in the provided material listed Wipro (-2.91%), Firstsource Solutions (+0.72%), and Info Edge (India) (-1.98%), along with valuation and balance-sheet ratios. The same Netweb-related section also stated mutual fund holding in Netweb was 4.07% as of March 31, 2026, and that “0.00 analysts” had given the stock a sell rating in the cited dataset.

These disclosures matter because they frame how widely owned the stock may be in institutional portfolios and how sentiment indicators in data feeds can lag fast market moves.

Why this move matters for investors tracking tech stocks

The simultaneous fall in Wipro, Netweb and MTAR highlights how broader market weakness can pull down both large-cap IT and niche technology manufacturing or computing plays. For Netweb specifically, the combination of a recent 52-week high, strong year-to-date gains, and discussion around valuation and margins created conditions for a sharper correction.

Going forward, investors will likely track whether Netweb’s post-results selling stabilises near the levels referenced in the session updates, and how management commentary on margins is interpreted in subsequent disclosures.