what happened to Wipro Today?

#9
Its not bonus its 3:2 split
+ 6rs as dividend... just to make it clear.
To split hairs further, let me note that it is actually a bonus, not a split. I quote the following verbatim from NSEINDIA.COM -

Wipro Limited has informed the Exchange that the Board of Directors of the Company have vide circular resolution passed on June 04, 2010 resolved to fix June 16, 2010 as the Record Date for issue of bonus shares in the ratio of 2:3 (two new shares for three existing equity shares) and also to determine eligible shareholders who are entitled to receive Final Dividend subject to the approval of the shareholders at the Annual General Meeting scheduled to be held in July 2010.

Since it closed at 674 yesterday, 3 shares is roughly Rs. 2,000. Divide that by 5 and you get Rs. 400. But it is quoting at approx. 408 which makes it 2% higher than yesterday. The new lot size in futures is now 1000 (prev. 600). Btw, face value remains at Rs. 2.
 

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#10

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