There are many stocks in the stock market that made investors millionaires. Although this work did not happen overnight, for this he waited long and did not leave his patience. One such company is named Wipro. In the world of tech companies, Wipro is one of the big names that has earned both its customers and investors success.
Wipro was founded by Mohammad Premji in 1945 to make vegetable oil before independence. 1 year later the company brought its name. Mohammad Premji died in 1966, after which his promising son Azim Premji took charge of the company. Azim Premji ventured into software with the company.
We are going to tell you that if you had invested 10 thousand rupees in the company in 1980, today you would have been the owner of 1200 crores rupees. If you are not sure, then let us understand how this happens.
Suppose in 1980 that you bought 100 shares of Wipro at a face value of Rs 100, then the total investment was Rs 10,000. After that you never looked at this investment. Neither ever booked a profit nor bought more shares than this. Wipro also announced bonus shares several times during this period, also split the shares to high face value stocks, increasing the number of shares in the same proportion.
Wipro has done such bonuses and stock splits many times since 1980. So let’s see what effect this has had on your shares. You started with an investment of only 10,000 rupees, ie 100 shares, now these shares have increased to 2.56 crores.
Today, the share price of Wipro is Rs 510, so the total value is, the
share price X number of total shares = total value
510 X 2.56 crore = Rs 13,05,60,00,000
That is, at today’s share price, the number of shares worth Rs 10,000 has been more than Rs 1300 crore. Those who would have invested Rs 10,000 in Wipro shares in 1980 are sitting on thousands of crores of assets today.
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