Wipro stocks appeared down by 50%. However, the decline shown in certain brokerage platforms is not due to a genuine fall in the stock’s value.

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

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.

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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 is going to deliver its 14th bonus issue and its last date to be eligible is fixed on December 3rd. Wipro shares gained to near its 52-week high levels on December 2nd, ahead of the bonus record date.

Wipro reported Rs 56,808 crore in reserves, including free reserves, securities premium, and the capital redemption reserve

A bonus issue increases the number of outstanding equity shares, but reduces share price in proportion to the number of bonus shares issued.