Wipro gained 0.27% to Rs 535.85 at 14:10 IST on BSE after the company said that its board of directors fixed 14 June 2017 as the record date for 1:1 bonus issue and dividend.
The announcement was made during market hours today, 30 May 2017.Meanwhile, the S&P BSE Sensex was up 61.59 points, or 0.2%, to 31,170.87.
On the BSE, 37,222 shares were traded in the counter so far, compared with average daily volumes of 4.81 lakh shares in the past one quarter. The stock had hit a high of Rs 539.80 and a low of Rs 529.10 so far during the day. The stock had hit a 52-week high of Rs 577.50 on 13 July 2016. The stock had hit a 52-week low of Rs 410 on 9 November 2016.
The stock had outperformed the market over the past one month till 29 May 2017, gaining 8.16% compared with the 3.98% gains in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.4% as against Sensex's 8.23% gains.
The large-cap company has equity capital of Rs 486.62 crore. Face value per share is Rs 2.
At the time of announcement of company's results on 25 April 2017, Wipro's board had recommended 1:1 bonus issue.
The board of directors had also declared an interim dividend of Rs 2 per equity share for the year ended 31 March 2017 (FY 2017).
Wipro's consolidated net profit rose 7.2% to Rs 2267 crore on 2.16% rise in net sales to Rs 14062 crore in Q4 March 2017 over Q3 December 2016.
Wipro is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better.
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