Wipro shares inched lower on December 3, trading ex-bonus. The stock dropped to as low as Rs 290.3 apiece on BSE. Earlier, the Bengaluru-based IT major declared a 1:1 bonus.

Under a 1:1 bonus issue, shareholders receive one additional equity share for every share held in the company.

Wipro shares started trading on ex-bonus basis after the company announced a 1:1 bonus share issue. The record date to determine shareholder eligibility was set for December 3, 2024.

Wipro's Q3FY25 guidance of minus 2 per cent to 1 per cent revenue growth in constant currency terms was muted. Analysts expect a gradual recovery in H2FY25 led by ramping of recently signed deals.

To illustrate the company's growth over the decades, consider this: if an investor had held 100 shares in Wipro in 1971, and had not sold or bought additional shares, they would have accumulated a staggering 682,667 shares today due to the company's various bonus issues.

Wipro and other companies are implementing key corporate actions like bonus issues, stock splits, dividends, and rights offerings. Today, December 3, is the record date to determine shareholder eligibility for these actions.

The shares of information and technology major Wipro are trading 50 per cent lower on Tuesday, turning ex-bonus in the ratio 1:1. Adjusted for the bonus share, the stock of the company was trading 49 per cent down from yesterday’s closing price of Rs 584.

Wipro's board of directors had approved a 1:1 bonus share issue in October. Eligible shareholders will receive one additional equity share, with a face value of Rs 2, for every fully paid-up share they hold. This marks the 13th bonus issue by Wipro since 1971, with the most recent one being a 1:3 bonus approved on March 6, 2019.

Wipro's shares, which have surged more than 30% in the past six months, are expected to attract attention on Monday following the company's announcement of a 1:1 bonus issue, with December 3 set as the record date.

Shares of Wipro are in focus today as the stock began trading ex-bonus. The IT major had announced a 1:1 bonus share issue, with December 3 as the record date for determining eligible shareholders.

If you are a Wipro shareholder as of Dec. 2., the allotment of bonus shares in your demat account will reflect on Dec. 4, a day after the record date.