Investing in Wipro bonus shares over the years has proven to be a rewarding journey for long-term investors, particularly due to the company’s consistent history of issuing bonus shares. Let’s explore how a modest investment of ₹10,000 in 2009 could have grown to ₹5 lakh today, demonstrating the power of compounding and bonus share benefits.
Wipro Shares: Bonus History
Wipro has been generous with bonus issues, enhancing the wealth of its investors over the years. Here’s a look at the company’s bonus share history:
2024 Bonus Issue:- Ratio: 1:1 (one bonus share for every one share held).
- Ex-Date: December 3, 2024.
- Record Date: December 3, 2024.
- 2019 Bonus Issue:
- Ratio: 1:3 (one bonus share for every three shares held).
- Ex-Date: March 6, 2019.
- Record Date: March 7, 2019.
- 2017 Bonus Issue:
- Ratio: 1:1 (one bonus share for every one share held).
- Ex-Date: June 13, 2017.
- Record Date: June 14, 2017.
- 2010 Bonus Issue:
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- Ratio: 2:3 (two bonus shares for every three shares held).
- Ex-Date: June 15, 2010.
- Record Date: June 16, 2010.
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Growth of ₹10,000 Invested in 2009
During the global financial crisis in 2009, Wipro shares were trading at around ₹50 per share. Let’s calculate how ₹10,000 invested at that time would have grown:
- 2009 Purchase:
- ₹10,000 investment = 200 shares at ₹50 per share
- ₹10,000 investment = 200 shares at ₹50 per share
- 2010 Bonus Issue (2:3):
- Bonus shares = 133 (200 × 2 ÷ 3).
- Total shares = 200 + 133 = 333 shares.
- 2017 Bonus Issue (1:1):
- Bonus shares = 333 (1 share for every share held).
- Total shares = 333 + 333 = 666 shares.
- 2019 Bonus Issue (1:3):
- Bonus shares = 222 (666 ÷ 3).
- Total shares = 666 + 222 = 888 shares.
- 2024 Bonus Issue (1:1):
- Bonus shares = 888 (1 share for every share held).
- Total shares = 888 + 888 = 1,776 shares.
- Current Value:
- If Wipro’s current share price is approximately ₹300, the total value of 1,776 shares = ₹5,32,800.
Key Takeaways
- Compounding Effect of Bonus Shares:
Wipro’s consistent bonus issues significantly boosted the number of shares held by long-term investors, multiplying their wealth. - Dividend Income:
Along with capital appreciation, investors also benefited from dividends paid by the company over the years. - Resilience of IT Sector:
Wipro’s growth highlights the resilience of the IT sector in India, even during economic downturns. - Importance of Patience:
Long-term investment in fundamentally strong companies like Wipro can yield substantial returns, as demonstrated in this case.
Wipro’s 2024 Bonus Issue: What You Need to Know
What is the Wipro 2024 Bonus Issue?
Wipro has announced a 1:1 bonus issue, where shareholders will receive one bonus share for every fully paid-up equity share held. This move aligns with Wipro’s tradition of rewarding its long-term investors.
Learn more about Wipro’s bonus history on the BSE website (follow link).
Key Dates for Wipro’s 2024 Bonus Issue
- Record Date: December 3, 2024
- Ex-Bonus Date: December 2, 2024
For eligibility details and other corporate announcements, visit Wipro’s Investor Relations page (nofollow).
Impact of Wipro’s 2024 Bonus Issue on Share Price
On the ex-bonus date, the share price adjusts to reflect the bonus issue. If Wipro’s share price was ₹584.55 pre-bonus, it will reduce to approximately ₹292.28 post-bonus. This ensures the overall value of holdings remains unchanged while doubling the number of shares.
To understand how bonus shares impact stock performance, read this detailed guide on Investopedia (nofollow).
Benefits of Wipro’s Bonus Issue for Investors
- Enhanced Liquidity: Bonus shares increase the number of shares in circulation, making the stock more affordable.
- Long-Term Rewards: Shareholders benefit from capital appreciation and increased dividends over time.
- Market Accessibility: The reduced share price attracts more retail investors, boosting market activity.
How Wipro’s 2024 Bonus Issue Compares to Previous Issues
Wipro has consistently rewarded shareholders with bonus issues over the years:
- 2019: 1:3 bonus issue.
- 2017: 1:1 bonus issue.
- 2010: 2:3 bonus issue.
For detailed records, visit Wipro on the NSE website
Key Dates for Wipro’s 2024 Bonus Issue
- Record Date: December 3, 2024
- Ex-Bonus Date: December 2, 2024
For eligibility details and other corporate announcements, visit Wipro’s Investor Relations page.
Impact of Wipro’s 2024 Bonus Issue on Share Price
On the ex-bonus date, the share price adjusts to reflect the bonus issue. If Wipro’s share price was ₹584.55 pre-bonus, it will reduce to approximately ₹292.28 post-bonus. This ensures the overall value of holdings remains unchanged while doubling the number of shares.
To understand how bonus shares impact stock performance, read this detailed guide on Investopedia.
Benefits of Wipro’s Bonus Issue for Investors
- Enhanced Liquidity: Bonus shares increase the number of shares in circulation, making the stock more affordable.
- Long-Term Rewards: Shareholders benefit from capital appreciation and increased dividends over time.
- Market Accessibility: The reduced share price attracts more retail investors, boosting market activity.
How Wipro’s 2024 Bonus Issue Compares to Previous Issues
Wipro has consistently rewarded shareholders with bonus issues over the years:
- 2019: 1:3 bonus issue.
- 2017: 1:1 bonus issue.
- 2010: 2:3 bonus issue.
For detailed records, visit Wipro on the NSE website.
What Shareholders Should Know About Wipro’s 2024 Bonus Issue
Eligible shareholders can expect the bonus shares to be credited to their demat accounts by mid-December 2024. No additional action is required to receive the shares.
Key Dates for Wipro’s 2024 Bonus Issue
- Record Date: December 3, 2024
- Ex-Bonus Date: December 2, 2024
Investors must ensure they purchase Wipro shares before the ex-bonus date to be eligible for bonus shares.
Impact of Wipro’s 2024 Bonus Issue on Share Price
On the ex-bonus date, the share price adjusts to reflect the bonus issue. If Wipro’s share price was ₹584.55 pre-bonus, it will reduce to ₹292.28 post-bonus. This ensures the overall value of holdings remains unchanged while doubling the number of shares.
Benefits of Wipro’s Bonus Issue for Investors
- Enhanced Liquidity: Bonus shares increase the number of shares in circulation, making the stock more affordable.
- Long-Term Rewards: Shareholders benefit from capital appreciation and increased dividends over time.
- Market Accessibility: The reduced share price attracts more retail investors, boosting market activity.
How Wipro’s 2024 Bonus Issue Compares to Previous Issues
Wipro has consistently rewarded shareholders with bonus issues over the years:
- 2019: 1:3 bonus issue.
- 2017: 1:1 bonus issue.
- 2010: 2:3 bonus issue.
This 1:1 bonus issue in 2024 continues its legacy of shareholder-friendly practices.
What Shareholders Should Know About Wipro’s 2024 Bonus Issue
Eligible shareholders can expect the bonus shares to be credited to their demat accounts by mid-December 2024. No additional action is required to receive the shares.
Conclusion
The journey of Wipro shares exemplifies the power of long-term investment, patience, and consistent reinvestment. A ₹10,000 investment in 2009 grew to over ₹5 lakh today, thanks to the company’s robust bonus share history and the compounding effect. As Wipro continues to expand and reward its shareholders, it remains a compelling example for investors aiming to build wealth over time.
By Shehnaz Shaikh
For more investment insights, visit Vistatimes.com.