Wipro rallies 6% as board mulls bonus issue of shares

The stock rallied 6 per cent to Rs 332 on the BSE after the company announced that its board will consider bonus issue of shares in its meeting on January 17-18, 2019.

Shares of Wipro rallied 6 per cent to Rs 332 apiece on the BSE after the information technology (IT) company announced that its board will consider bonus issue of shares in its meeting on January 17-18, 2019.

The stock was trading close to its record high of Rs 344 touched on December 12, 2018, on the BSE in intra-day trade. 

Earlier, in January 2017, Wipro had rewarded investors by issuing bonus shares in the proportion of 1:1 i.e. one bonus equity share of Rs 2 each for every one share held as on the record date.

On January 3, 2019,