Wipro Ltd. witnessed a significant surge in its stock price today, as shares jumped by 2.10%, trading at ₹539.40, up from the previous close of ₹528.30. This increase in share price has boosted the company’s total market capitalization by ₹5,926.08 crore, bringing the total market cap to ₹2,82,184.65 crore.
The positive movement comes ahead of Wipro’s board meeting scheduled for October 16-17, 2024, during which the board is set to discuss the issuance of bonus shares. In addition to the bonus issue, the IT giant is also expected to release its second-quarter results during this meeting.
Key Market Information:
- Previous Close: ₹528.30
- Current Price: ₹539.40
- Market Cap Increase: ₹5,926.08 crore
- New Market Cap: ₹2,82,184.65 crore
- Board Meeting Dates: October 16-17, 2024
- Expected Discussion: Bonus Issue and Q2 results
This market activity reflects strong investor sentiment in anticipation of both the upcoming bonus share announcement and the quarterly earnings report.
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