Wipro Bonus Shares Record Date : 2024

Over time, Wipro, an Indian IT firm has always amply compensated its shareholders through bonus shares. With the recent announcement of a 1:1 bonus share issue means a lot of talk in the investment community. This article explores Wipro bonus shares , the Wipro Bonus Shares Record Date , its bonus share history, and answers the question: Why are Wipro shares falling ?

What Are Bonus Shares ?

Some stocks are the extra stocks which a company decides to issue to its current shareholders. Instead it feels more like a company giving you “More Pizza Slices” because you already own one, here, it is the shares in the company.

These shares are provided out from a company’s reserve or surplus. While they do not bring in any new money to the company they expand the number of shares in terms of the market.

Example:

You would receive extra 100 shares free of charge if you owned 100 shares of Wipro and the company declares a 1:1 bonus issue.

Bonus Shares vs. Dividends: What’s the Difference ?

Some investors may even think that bonus shares are similar to dividends, but they are wrong. Whereas dividends are cash distributions, bonus shares are in fact additional stocks. It is like choosing whether to have a gift card or a tangible gift—they both have value but just delivered differently.

About Wipro

Wipro Limited is the division of the world’s information technology, consulting and business process outsourcing. The company was originally established in 1945 at Pune and started production of vegetable oils but it also expanded into IT in early eighties when it became one of the biggest companies in India.

Key Highlights

Founding and Early History:
- Founded: December 29, 1945, by Mohamed Premji.
- Initially operated as Western India Vegetable Products Limited, producing edible oils.
- Rebranded to Wipro in the 1970s under Azim Premji’s leadership, transitioning into IT and technology.
Current Leadership:
- Chairman: Rishad Premji (son of Azim Premji).
- CEO & MD: Thierry Delaporte, known for driving global business growth.
Operations:
- It is a multinational company which serves in more than 66 countries and deals in IT & Consulting Services/ Cloud, Artificial Intelligence & Cybersecurity services.
- They supply it to industries in banking, healthcare, manufacturing, energy, and retail industries.

Business Segments

Wipro’s operations are divided into the following primary segments:

IT Services:
Offers IT consulting, application development, and system integration.
IT Products:
Provides hardware and software solutions for organizations.
Consumer Care:
Manufactures personal care products under brands like Santoor and Chandrika.

Financial Overview

Revenue (FY 2023-24): Over ₹92,000 crores.
Market Cap: It will look at the top IT firms listed in BSE and NSE to inform the ranking.
Global Employees: More than 250 000 staff and thereby it becomes one of the biggest IT employers in this world.

Wipro’s Contributions

Technology Innovation:
AI, IoT and block chain are very strategic areas in which Wipro has heavily invested.
Sustainability Initiatives:
This report acknowledges Wipro among the world’s most ethical company committed to sustainability, green energy, and corporate responsibility.
Philanthropy:
Azim Premji has given billions of dollars to educational and social charities while under his leadership Wipro has become almost a byword for corporate philanthropy in India.

Why Choose Wipro Shares ?

The successful integration of technical experience, globalization, and customer-focused approaches has helped make Wipro one of the biggest gears for organizations across the globe. Having such a powerful background and the outlook on further developments, Wipro is still among the leaders of the fast growing sphere of tech businesses.

Wipro Bonus Shares History

Wipro bonus shares has issued multiple times, with notable ratios including 1:3 in 2019, 1:1 in 2017, and 2:3 in 2010. This long-standing tradition reflects its commitment to enhancing investor value

Year	Bonus Ratio	Impact
2024	1:1	Enhance liquidity, reward shareholders
2019	1:3	Boosted liquidity and investor confidence
2017	1:1	Attracted long-term investors
2010	2:3	Supported stock affordability

This track record shows Wipro’s proactive approach to enhancing shareholder value.

Wipro Bonus Shares Announcement

The latest announcement came from Wipro’s board on October 17, 2024, approving a 1:1 bonus share issue. This means, in effect, that every shareholder will be issued one new share for every share already owned.

Record Date: The date at which they have determined that the population will be documented and documented is the 3 rd of December in the year 2024 only.
Purpose: This change is meant to make the stocks more liquid and also to incentivize strategic shareholders.

The bonus shares will be credited to the entitled accounts by the 15th of December in the year 2024, which will mean that the shareholders get an extended list of stocks and shares without spending one cent.

Wipro Share Price : Trends and Current Levels

As of December 2, 2024, Wipro’s stock is trading at approximately ₹450 per share on the National Stock Exchange (NSE). However, this price is expected to adjust post-bonus issue.

Recent Price Movements

52-Week High: ₹550
52-Week Low: ₹380
Closing Price (December 1, 2024): ₹450

The stock has been under pressure due to broader IT sector challenges, including slower revenue growth and global economic uncertainties.

Why Are Wipro Shares Falling ?

Despite positive moves such as bonus share announcements, Wipro’s stock has recently been facing headwinds. Here are some reasons:

Weak Revenue Guidance:
Wipro’s Q2 FY25 revenue guidance was down 0.95% from the previous quarter. Investors are concerned about the slowing demand in the IT sector.
Market Sentiment:
The broader market is facing global uncertainties that are affecting IT stocks, including Wipro.
Rising Attrition Rates:
The frequency of attrition in Wipro has risen to 14.5 in the most recent quarter from 14.1 affecting the operating model.

Impact of Wipro Bonus Shares on Wipro Share Prices

Bonus share dilutes the market value of the stock. Consider this: if Wipro is trading at ₹500, issuing 1:1 bonus; theoretically the price will shift to ₹250 postbonus. Yet, the aggregate wealth of the investor does not change as the number of shares is doubled.

Financial Highlights: Wipro Q2 FY25

Net Profit: ₹ 3,208.8 crore (21.2% higher than corresponding period last year).
Revenue: ₹22,301.6 crore, down by 0.95 percent.
Operating Cash Flow: ₹42.7 billion, which is 10.5% higher than the previous year.

Wipro remains committed to large deals bookings ending the most recent quarter with $1.5 billion in bookings.

What Should Investors Do?

If you are an investor, then here is the advice:

Stay Informed:

Monitor Wipro’s financial performance and market guidance.

Understand Bonus Share Impact:

Bonus shares increase your number of shares but the actual value of the portfolio remains intact.

Long-Term Perspective:

Wipro has sound fundamentals thus a good bet for a long term investor notwithstanding a short term price fluctuation.

What’s Next for Wipro ?

Wipro Bonus shares and their enhancements in the market show the concern of the company in paying investors in the worst year of their time. Despite the recent slump in the company’s share prices, there are numerous benefits to serious, long-term investors who chose to remain informed as well as patient. Despite its sound financial background and firm future outlook Wipro still continues to be a stock of interest.

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