Wipro sets March 7 as record date for 1:3 bonus; stock hits 19-year high

Shares of Wipro hit 19-year high of Rs 383.35 apiece, up 1 per cent on the BSE, after the company fixed March 7, 2019, as the record date to determine eligible shareholders entitled to receive the bonus equity shares. The stock of IT services firm was trading at its highest level since February 24, 2000, on the BSE.

The board of directors of Wipro at their meeting held on January 18, had recommended issue of bonus equity shares in the proportion of 1:3 (one equity share for every three equity shares held).

Since January 18, Wipro has outperformed the market by gaining 14 per cent as compared to a 1 per cent decline in the S&P BSE Sensex.