Wipro Bonus Share Record Date: Check Allotment Date, Last Date To Qualify

Wipro, a leading technology services and consulting firm, will issue bonus shares on November 3, Tuesday. As part of this, approximately 2.2 million small shareholders will be eligible to receive one bonus share for every share they hold, based on the record date.

Shareholders who hold Wipro shares by the close of Monday’s trading session will qualify for the bonus shares.

This marks the first bonus share issuance by Wipro since 2019, when the company distributed one bonus share for every three shares held.

History of Bonus Shares Wipro

Wipro, headquartered in Bengaluru, is a global leader in IT transformation, consulting, and business process services. The company is recognised for its expertise in emerging technologies such as application software, cognitive computing, hyper-automation, robotics, cloud, and analytics, helping clients navigate the digital landscape.

Over the years, Wipro has consistently issued bonus shares, with a history that includes announcements in 1971, 1981, 1985, 1987, 1989, 1992, 1995, 1997, 2004, 2005, 2010, 2017, and 2019.

Wipro Stock Performance

Wipro's stock has also performed strongly in 2024. Shares closed at Rs 579 on Friday, up 1.2 per cent from the previous day. The stock has gained 21 per cent this year and 7 per cent in the last month, currently trading near its recent high of Rs 596.

In its latest quarterly results for Q2 FY24, Wipro reported a 21.26 per cent year-on-year increase in consolidated net profit, reaching Rs 3,208.8 crore, compared to Rs 2,646.3 crore in the same period last year. However, revenue from operations showed a slight decline of 0.95 per cent, falling to Rs 22,301.6 crore from Rs 22,515.9 crore in the previous year’s corresponding quarter.