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.

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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This is the first instance of Wipro issuing bonus shares after 2019, when the company had issued one bonus share for every three shares held by

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 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.

Wipro, a leading technology services and consulting firm, will issue bonus shares on November 3, Tuesday. As part of this, approximately 2.2 million small shareholders will be eligible to receive one bonus share for every share they hold,

Shares of Wipro, which have provided over 30% returns in the past six months, are trading on an ex-bonus basis. The IT giant announced a 1:1 bonus share issue, with December 3 as the record date. Wipro reported a 21% net profit increase in Q3 2024.