Wipro gains after board to mull bonus issue proposal

Wipro jumped 2.46% to Rs 541.96 after the company said that its board will meet on 16-17 October 2024 to consider bonus issue to equity shareholders.

The announcement was made on Sunday, 13 October 2024.

Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.

The IT major's consolidated net profit grew 5.95% to Rs 3,003.2 crore in Q1 FY25 as against Rs 2,834.6 crore recorded in Q4 FY24. revenue from operations declined 1.1% to Rs 21,963.8 crore in the June quarter as against Rs 22,208.3 crore reported in the preceding quarter same year.

 

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