Tue Dec 03 08:09:58 UTC 2024: ## Wipro Shares Dip Slightly After 1:1 Bonus Issue, Technical Glitch Causes Initial Scare
**Mumbai, India** – Wipro shares experienced a minor dip on their ex-bonus date, trading marginally lower after a 1:1 bonus issue was implemented. However, the trading day began with a significant scare as some trading platforms erroneously displayed a nearly 50% drop in share price. This was later attributed to a technical glitch. Adjusted for the bonus issue, the share price is trading around Rs 295, compared to Rs 584 on December 2nd.
The 1:1 bonus issue, Wipro’s fourth in 15 years, follows the company’s strong Q2 FY25 results. The software giant reported a consolidated net profit of Rs 3,208.8 crore, a 6.85% quarter-on-quarter increase, and a 1.5% sequential revenue growth, reaching Rs 22,301.6 crore.
Despite the initial scare and today’s slight decline, Wipro shares have shown strong performance recently. The stock is up 0.8% in the last month, 32% in the last six months, 22.5% year-to-date, and over 43% in the past year. This contrasts with the Nifty 50 index, which has seen declines in the recent past.
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