Wipro shares not down 50% in reality – Here is why some apps are showing the wrong price

Wipro shares are trading marginally lower as the stock turns ex-bonus today. However, there was a bit of a scare in early trade as some apps showed the share price lower by 50%. This was however a technical issue. Compared to the December 2 closing price of Rs 584, the stock that went ex-bonus with a 1:1 bonus issue was trading around Rs 295. As a result, the unadjusted drop was nearly 50%. However, that’s only an adjustment that needs to be factored in.