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 and four other companies are in the spotlight on Tuesday ... To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date. Shareholders who buy the stock at least one day before ...

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

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.

Welcome to the Wipro Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of Wipro, including: Last traded price 291.

Adjusted for the bonus issue, the Wipro stock was trading 1.09 per cent higher at Rs 295.50 on BSE at open. Wipro had announced a bonus share issue in the ratio of 1:1, fixing December 3 as the record date for determining shareholder eligibility.

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.