Business / Multibagger stock to buy rs 1 lakh turns to rs6 lakh in 14 years as IT stock gave bonus shares 3 times see

Multibagger Stock To Buy: There is important news for the investors of the share market. There is a lot of risk in the volatile market, but some stocks are giving surprising returns to their investors. Wipro Share Price has given bonus shares to its long term investors three times in the last 14 years. Let us tell you that if an investor would have invested Rs 1 lakh in this stock 14 years ago and had maintained his patience till now, then its value would have been more than Rs 36 lakh today.

Wipro gave excellent returns

Significantly, the veteran IT company Wipro has given excellent returns to its investors. Not only this, Wipro has also announced bonus shares three times in 14 years. Let us tell you that in March 2009, one share of Wipro was at around Rs 50, which is Rs 412.35 per share today. For the long term investor, the returns are much more than the increase in share prices. In the last 14 years, Wipro Limited has announced bonus shares in June 2010, June 2017 and March 2019. Earlier in June 2010, Wipro Limited had issued bonus in the ratio of 2:3. In June 2017, the IT company had issued bonus shares in the ratio of 1:1 and in March 2019 in the ratio of 1:3.

If an investor would have invested Rs 1 lakh in it 14 years ago, today he will get more than Rs 36 lakh. An investor would have got about 20,000 Wipro shares in exchange for Rs 1 lakh at Rs 50 per share in March 2009. These 20,000 Wipro shares would have converted into 3,332 Wipro shares after the issue of bonus shares in the ratio 2:3.

This is how the shares increased

Now at the time of next issue of bonus shares i.e. in June 2017 after issue of bonus shares in 1:1 ratio, the earlier 3,332 Wipro shares would have converted to 6,664. Now after this, at the time of declaration of third bonus i.e. in March 2019, Wipro has declared bonus shares in the ratio of 1:3, then 6,664 Wipro shares would have further converted into 8,885 shares. That is, an investor investing Rs 1 lakh in Wipro in March 2009 would have held 8,885 shares.

One lakh became more than 36 lakh

Let us tell you that the share price of Wipro is Rs 412.35 per share today. That is, according to this, after three bonus shares of the giant company, 1 lakh in the last 14 years would have become Rs 36.63 lakh today (412.35 x 8,885). Let us tell you that the market cap of Wipro is Rs 2,26,224.51 crore, while the company's 52-week high is Rs 726.70, which was on January 3.