Wipro share price: In Wipro shares, up to 50% correction was seen. But the drop seen on some brokerage platforms is not from a real fall in the share price.
NOTE
- Wipro share price saw a 50% drop due to the 1:1 bonus issue
- The reduction in Wipro share price is because of the bonus issue and has not really happened.
- Some trading apps did not adjust the previous day’s price
Shares of Wipro Ltd became ex-bonus today in the proportion of 1:1. After adjusting stock price for the bonus issue, Wipro share price was trading 1.09 per cent up at Rs 295.50 on the BSE. But the stock was down 49.45 per cent from yesterday’s close price (unadjusted) of Rs 584.55. It is possible that trading apps of some brokerages are showing yesterday’s unadjusted Wipro share price and, thus, suggesting a 50 per cent decline on the counter.
