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.

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

If you had invested Rs 10,000 in Wipro shares during the 2009 global financial crisis, when the stock was priced around Rs 50 per share, your investment would have grown exponentially over the years.

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.

Wipro’s previous bonus issue, in 2019, was declared in a 1:3 ratio, with the stock going ex-bonus on March 6, 2019. Before that, it issued bonus shares in the ratio of 1:1 in 2017, 2:3 in 2010, and 1:1 in both 2005 and 2004.

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.