King of Bonus Shares: Wipro, L&T, Infosys - These 5 companies have given the most bonus issues | Check list
Wipro made an announcement.
· LiveMint Markets
Wipro leads the list with 14 bonus issues, followed by Larsen & Toubro with 10. Infosys and Bajaj Holdings & Investment have each announced eight bonus issues, while ITC has seven.
The analysis
Against that, the stock is -0.3% on the day at ₹159.14, and has returned -7.2% over three months. It sits 42% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Wipro is running 8.3 points behind its peers.
With Wipro, Infosys and ITC all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (WIPRO, INFY, ITC), which points to a sector-level rather than company-specific driver.
- Sector exposure: IT, FMCG.
In this story
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