Wipro Shares : Wipro’s shares showcased the true potential of long-term investment as the IT giant issued another round of bonus shares in 2024. This strategic corporate action continues to reward its loyal investors handsomely over the years.
Wipro Declares 1:1 Bonus Shares in 2024
On December 3, 2024, Wipro shares turned ex-date for its latest bonus issue in the ratio of 1:1. Investors holding Wipro shares on this date are entitled to receive one additional share for each share they already own. The company announced the record date for the bonus shares during the declaration of its Q2 FY25 financial results.
In a filing to the stock exchanges on November 21, Wipro’s Board of Directors confirmed:
“The Record Date for determining equity shareholders eligible for bonus equity shares (including Stock Dividend on ADS) has been set for Tuesday, December 3, 2024.”
Wipro’s Bonus Issue History
This marks the fourth bonus issue by Wipro in the last 15 years. The previous bonus issues are as follows:
- 2019: A 1:3 bonus issue, where one bonus share was given for every three shares held.
- 2017: A 1:1 bonus issue, with an ex-date of June 13 and a record date of June 14.
- 2010: A 2:3 bonus issue, giving two additional shares for every three shares held, with an ex-date of June 15 and a record date of June 16.
Incredible Wealth Creation Through Wipro Shares
Wipro’s share price performance over the last 15 years demonstrates the wealth-creating power of long-term investment.
- In 2009, Wipro shares traded at around ₹50 each. An investor purchasing 200 shares for ₹10,000 at that time benefitted significantly from subsequent bonus issues.
- After the 2010, 2017, and 2019 bonus adjustments, the original 200 shares grew to 888 shares.
- As of December 2, 2024, Wipro’s share price closed at ₹584.55. The total value of 888 shares now stands at ₹5,19,080 — a staggering 51.9x return on the original investment.
The Key to Wealth Creation: Patience and Strategic Investments
Wipro’s story is a testament to the importance of investing in fundamentally strong companies and holding investments over the long term. Bonus issues, combined with steady share price appreciation, significantly amplify returns.
This example highlights how corporate actions, alongside disciplined investment strategies, can lead to remarkable wealth creation. Wipro continues to stand out as a prime example of patience paying off in the stock market.
Disclaimer: The above analysis is for informational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions.