Wipro shares surge nearly 3% ahead of October 16 board meeting to consider bonus issue

Wipro’s board is scheduled to meet on October 16 to consider a potential bonus issue of shares, bringing the stock into focus for investors. With cash reserves of ₹40,812 crore and a notable rise in large deal bookings for FY24, investors are keen to see how the company plans to reward shareholders. The outcome of this meeting could generate renewed interest in Wipro’s stock, making it a key event to watch.