In 40 years, the investment of only 10 thousand rupees in WIPRO made more than 1000 crores, read the full history
In 1980, the price of one share was Rs 100, on the basis of which the price of 100 shares would have been Rs 10,000 at that time. Today it would have been 2.56 crore shares with the help of stock split and bonus.
Azim Premij, former chairman of Wipro, turns 77 today. He was also born in the year 1945 and Wipro was also established in December of the same year. Premji's name is known as the biggest philanthropist of the country. They have donated about $ 21 billion so far. Today, on the occasion of his birthday, we will discuss his own company. Do you know that if you had bought 100 shares of Wipro company in the year 1980 and had forgotten it, then your investment of 10 thousand would have been equal to 800 crores in today's date.
It is not that the stock price has increased so much in the last forty years. If it is assumed that an investor did not sell a single share after buying 100 shares of Wipro in 1980, then on the basis of bonus shares and stock split in these years, it would have been 2.56 crore shares. At present the value of one share of Wipro is Rs 410. On this basis, the valuation of these shares is more than 1000 crores.
100 was the share price
Let us understand this calculation in detail. In 1980, the price of one share was Rs 100, on the basis of which the price of 100 shares would have been Rs 10,000 at that time. Suppose A bought a hundred shares of Wipro in the year 1980 with an investment of ten thousand. In 1981, the number of shares under bonus would have increased to 200. 400 after 1985 bonus, 4000 after 1986 stock split, 8000 after 1987 bonus, 16000 after 1989 bonus, 64000 after 1992 bonus, 1.92 lakh after 1997 bonus, 1999 after stock split 9.6 lakhs, 28.8 lakhs after 2004 bonus, 57.60 lakhs after 2005 bonus, 96 lakhs after 2010 bonus, 1.92 crores after 2017 bonus and 2.56 crores after 2019 bonus.
Today 2.56 crore shares would have been
In this way, if someone had bought 100 shares of the company in 1980 and had not sold a single share after that, then with the help of bonus and split one after the other, this share would have been 2.56 crore shares. Based on the current Rs 410 per share, its total valuation would have been more than 1000 crores.