Suspense Crime Sach Ka Dam
There is good news for the shareholders of IT company Wipro. The company will issue bonus shares to its shareholders. According to the information given by IT company Wipro, its board of directors will consider issuing bonus shares in its meeting to be held on October 16-17, 2024. Wipro is going to announce the results of the second quarter of the financial year 2024-25 on October 17, 2024. Wipro told the stock market that the board of directors of the company will consider the proposal to issue bonus shares in its meeting to be held on October 16-17, 2024.
The company has given bonus shares 13 times.
Wipro has issued the highest number of bonus shares to its shareholders among the companies listed on Nifty. The company has issued bonus shares to its shareholders 13 times. Wipro issued bonuses to shareholders in 1971, 1981, 1985, 1987, 1989, 1992, 1995, 1997, 2004, 2005, 2010, 2017, and 2019. The Bengaluru-headquartered company’s consolidated net profit rose 4.6 percent year-on-year to Rs 3,003.2 crore in the June quarter. Revenue declined 3.8 percent to Rs 21,963.8 crore during this period.
The record date has not been announced yet.
Wipro has not yet set a record date for the bonus issue, which will be announced at the end of its two-day board meeting. Apart from its results, Wipro’s guidance on revenue growth for the upcoming quarter will also come. Brokerage firm Kotak Institutional Equities expects the company to forecast a 0.5% decline to 1.5% growth in revenue for the upcoming quarter. Wipro shares closed 0.7% higher at ₹528.45 on Friday. The stock has declined 4% in the past month.
