Wipro Bonus Share Announcement | What Next for Investors

1. Wipro’s Diwali Dhamaka: Announced Bonus Shares and Q2 Results on October 17! Wipro Share price is up by 3% on account of huge announcement. This announcement is very important for company as well as Investors. What are these announcements which are exciting the investors? Wipro’s board is set to meet on October 17 to decide two major things: 1.  Issuing Wipro bonus shares to shareholders, and 2.  Releasing their Q2 results. Let’s break it down so it’s easy to understand and Why you should keep your eyes on Wipro shares in coming trading days. What Are Bonus Shares? Additional shares issued without additional cost to company's existing shareholders called for a bonus issue of shares to shareholders free of member charge! The shareholders who own the company's stock through the bonus shares are compensated in that regard. Though Wipro explores the Bonus Shares policy, its shareholders will have to spend nothing extra to acquire more of Wipro shares.

2. For instance, hypothetically if the board decides on a ratio of 1:2 then for every 2 shares you have, you would get 1 additional share. In November 2019 Wipro issued the bonus shares last time, and this is the company’s fourth o?er. From the information available, we do not know the exact ratio this time, but whatever the board has in the o?ng on October will surely be the leading news. Once approved, the company will announce how many bonus shares are to be issued as well as sunset dates for the issues. This is the last date for deciding on which shareholders will receive the bonus shares. So, if you want to get in on the action, do call for Wipro shares before then! What to Expect from Wipro’s Q2 Results? Wipro will disclose information on the results of the quarter and Q2 earnings including the amount of bonus shares issue. There is such a big anticipation because a lot of people have been wanting to know how well the company is doing. It is true that the IT industry has had its fair share of problems as of late, however, there’s optimism that things can only get better from here. Several analysts feel that the appetite for IT services would return when the interest rates return to more normal levels which is good for Wipro. Most Wipro concerns are also here. Nuvama Institutional Equities analysts believe that Wipro’s margins in Q2 could reduce as the company had to make a wage hike for its employees. Which means that, subsequent, the figures as far as profits are concerned might not be that good. But here’s the key part: an important part to be focused on will be - Wipro’s guidance for the future – what have the investors considered important. How much does the company foresee for the remainder of FY25? Are they likely to bear indications of recovery or growth? In fact, it’s been predicted that in Q3FY25 Wipro will witness a growth between -1% - +1% which is gross revenues. It is not exactly a huge jump, but it does indicate that Wipro is trying to deal with the issues. Why Is Everyone So Excited? Disregard the fact that it has already been outlined that there is a lot of buzz around Wipro. Wipro’s stock was actively traded on the NSE for Rs 538.70 on October 14, after which the investors made a beeline for the stocks. A staggering 63 lakh shares were traded, against the normal daily average of only 59 lakh shares. It looks like people cannot wait for October 17! Due to the rumoured share issue and the Q2 results, everyone is looking into Wipro’s future with great expectation. In case the management stuck with the suspected,

3. positive signals beckon even more interest towards Wipro’s stock. When Will You Get the Bonus Shares? If you’re wondering on what date should these extra shares appear in your account, here’s how it works: after the board gives its consent for the bonus issue, they’ll declare a record date. This is the date on or before which the shareholder must have Wipro shares in order to avail of the bonus shares. Once that’s done, the extra shares will, in most cases, be credited into your account in a matter of weeks. Thus, keep a lookout for the announcements after October 17 so that you have all the preparations ready! Conclusion October 17 will be a historical date for Wipro along with its investors as well. Absence of concerns of dilution of share capital and the enticing o?er of free bonus shares along with the results of Q2, has made people vigilant. Be it a Wipro investor already invested or in Wipro investor aspirants, this is one day which all of them are waiting for is certainly October 17. Wipro’s Diwali Dhamaka: Announced Bonus Shares and Q2 Results on October 17! Wipro Share price is up by 3% on account of huge announcement. This announcement is very important for company as well as Investors. What are these announcements which are exciting the investors? Wipro’s board is set to meet on October 17 to decide two major things: 1.  Issuing Wipro bonus shares to shareholders, and 2.  Releasing their Q2 results. Let’s break it down so it’s easy to understand and Why you should keep your eyes on Wipro shares in coming trading days. What Are Bonus Shares? Additional shares issued without additional cost to company's existing shareholders called for a bonus issue of shares to shareholders free of member charge! The shareholders who own the company's stock through the bonus shares are compensated in that regard. Though Wipro explores the Bonus Shares policy, its shareholders will have to spend nothing extra to acquire more of Wipro shares.

4. For instance, hypothetically if the board decides on a ratio of 1:2 then for every 2 shares you have, you would get 1 additional share. In November 2019 Wipro issued the bonus shares last time, and this is the company’s fourth o?er. From the information available, we do not know the exact ratio this time, but whatever the board has in the o?ng on October will surely be the leading news. Once approved, the company will announce how many bonus shares are to be issued as well as sunset dates for the issues. This is the last date for deciding on which shareholders will receive the bonus shares. So, if you want to get in on the action, do call for Wipro shares before then! What to Expect from Wipro’s Q2 Results? Wipro will disclose information on the results of the quarter and Q2 earnings including the amount of bonus shares issue. There is such a big anticipation because a lot of people have been wanting to know how well the company is doing. It is true that the IT industry has had its fair share of problems as of late, however, there’s optimism that things can only get better from here. Several analysts feel that the appetite for IT services would return when the interest rates return to more normal levels which is good for Wipro. Most Wipro concerns are also here. Nuvama Institutional Equities analysts believe that Wipro’s margins in Q2 could reduce as the company had to make a wage hike for its employees. Which means that, subsequent, the figures as far as profits are concerned might not be that good. But here’s the key part: an important part to be focused on will be - Wipro’s guidance for the future – what have the investors considered important. How much does the company foresee for the remainder of FY25? Are they likely to bear indications of recovery or growth? In fact, it’s been predicted that in Q3FY25 Wipro will witness a growth between -1% - +1% which is gross revenues. It is not exactly a huge jump, but it does indicate that Wipro is trying to deal with the issues. Why Is Everyone So Excited? Disregard the fact that it has already been outlined that there is a lot of buzz around Wipro. Wipro’s stock was actively traded on the NSE for Rs 538.70 on October 14, after which the investors made a beeline for the stocks. A staggering 63 lakh shares were traded, against the normal daily average of only 59 lakh shares. It looks like people cannot wait for October 17! Due to the rumoured share issue and the Q2 results, everyone is looking into Wipro’s future with great expectation. In case the management stuck with the suspected,

5. positive signals beckon even more interest towards Wipro’s stock. When Will You Get the Bonus Shares? If you’re wondering on what date should these extra shares appear in your account, here’s how it works: after the board gives its consent for the bonus issue, they’ll declare a record date. This is the date on or before which the shareholder must have Wipro shares in order to avail of the bonus shares. Once that’s done, the extra shares will, in most cases, be credited into your account in a matter of weeks. Thus, keep a lookout for the announcements after October 17 so that you have all the preparations ready! Conclusion October 17 will be a historical date for Wipro along with its investors as well. Absence of concerns of dilution of share capital and the enticing o?er of free bonus shares along with the results of Q2, has made people vigilant. Be it a Wipro investor already invested or in Wipro investor aspirants, this is one day which all of them are waiting for is certainly October 17.