Wipro bonus shares: Because of the company's bonus shares over the years, if you had invested ₹10,000 in Wipro shares in 2009, when the stock was trading at about ₹50 per share, your investment would have increased tremendously during the global financial crisis.
As the IT stock went ex-date for the bonus issue on Tuesday, December 3, Wipro's share price saw a slight decline.On Tuesday, Wipro's stock became ex-date for the bonus issue at a 1:1 ratio. The Wipro bonus share record date was set for December 3, according to the firm. Bonus shares will be available to investors who currently own IT stock. Investors who own one Wipro share will receive one additional bonus share, according to the 1:1 bonus ratio.
As stated in a stock market filing on November 21, "The Board of Directors has set Tuesday, December 3, 2024, as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares (including Stock Dividend on ADS) of the Company."
Wipro published its second quarter FY25 financial results along with the issuance of bonus shares.
History is shared by Wipro Bonus.
Based on data from the BSE website, this is the fourth bonus issue for IT majors in the past 15 years. This is the first bonus edition since 2019.
Wipro published its second quarter FY25 financial results along with the issuance of bonus shares.
History is shared by Wipro Bonus.
Based on data from the BSE website, this is the fourth bonus issue for IT majors in the past 15 years. This is the first bonus edition since 2019.
In 2019, the firm announced a 1:3 bonus share issue, meaning that for every three shares owned, one bonus share was awarded.
In 2017, Wipro has already announced a 1:1 bonus issuance. The record date was June 14, 2017, and the ex-date for the bonus was June 13, 2017.
Wipro announced a 2:3 bonus issuance in 2010, giving out two equity shares for every three shares owned. The record date for Wipro's stock was June 16, 2010, whereas the ex-date was June 15, 2010.
Returns on the share price of Wipro
Over the last 15 years, Wipro's share price has produced outstanding results. Due to the company's bonus shares over the years, if you had invested ₹10,000 in Wipro shares in 2009, when the stock was trading at about ₹50 per share, your investment would have increased tremendously during the global financial crisis.
An investor could purchase 200 shares of Wipro for ₹10,000 in 2009 when the company's share price was about ₹50. Three bonus issues were issued by the corporation to its shareholders over the years: a 1:1 bonus in 2010, a 1:3 bonus in 2017, and a 2:3 bonus in 2019. The number of shares rose from 200 to 888 as a result of these bonuses.
In 2017, Wipro has already announced a 1:1 bonus issuance. The record date was June 14, 2017, and the ex-date for the bonus was June 13, 2017.
Wipro announced a 2:3 bonus issuance in 2010, giving out two equity shares for every three shares owned. The record date for Wipro's stock was June 16, 2010, whereas the ex-date was June 15, 2010.
Returns on the share price of Wipro
Over the last 15 years, Wipro's share price has produced outstanding results. Due to the company's bonus shares over the years, if you had invested ₹10,000 in Wipro shares in 2009, when the stock was trading at about ₹50 per share, your investment would have increased tremendously during the global financial crisis.
An investor could purchase 200 shares of Wipro for ₹10,000 in 2009 when the company's share price was about ₹50. Three bonus issues were issued by the corporation to its shareholders over the years: a 1:1 bonus in 2010, a 1:3 bonus in 2017, and a 2:3 bonus in 2019. The number of shares rose from 200 to 888 as a result of these bonuses.
On December 2, 2024, Wipro's stock price closed at ₹584.55. The current value of the 888 Wipro shares is ₹5,19,080, which is an amazing 51.9x increase over the initial investment.
The strength of long-term investments in essentially sound businesses is demonstrated by this example. Wealth creation involves more than just the growth of share prices; corporate initiatives like bonuses are important. Wipro continues to be a brilliant illustration of how perseverance in the stock market pays off.
The strength of long-term investments in essentially sound businesses is demonstrated by this example. Wealth creation involves more than just the growth of share prices; corporate initiatives like bonuses are important. Wipro continues to be a brilliant illustration of how perseverance in the stock market pays off.
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