New Delhi: October is the month of earnings for companies. In this month, most companies present their results for the second quarter of the financial year. In the month of October, the results of many big companies including Tata Consultancy Services have been released. At the same time, many companies are going to present their results in the next few days. In the same sequence, Wipro is also going to hold a board meeting on 16-17 October. Issuing bonus shares can be considered in this meeting.

Board meeting to be held on 16-17 October

The board will consider the proposal for the issue of bonus shares by the applicable provisions of the Companies Act, 2013 (including the rules and regulations made thereunder), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 at our meeting scheduled to be held on October 16-17, the company said in an exchange filing.

Wipro's business is spread across 167 countries

Wipro, a giant company in the IT sector, is spread across many technologies including cloud computing, computer security, digital transformation, AI, robotics, and data analytics. Its business is spread across 167 countries of the world. On Friday, Wipro's stock closed at Rs 528.45, gaining marginally from its previous close of Rs 525. Wipro's shares have fallen by about 5 percent in the last one month. At the same time, there has been a jump of 15 percent in 6 months, while there has been an increase of 28 percent in one year.