100 shares of this multibagger IT company could have bought you a 2-BHK flat in South Bombay; do you own it?

100 shares of this multibagger IT company could have bought you a 2-BHK flat in South Bombay; do you own it?

Gaurav Taparia
/ Categories: Trending, Mindshare

The sum of dividends received over the past four years amounts to a substantial Rs 23 crore!

Imagine being an 18-year-old in 1980, stumbling upon a company called Wipro, investing in just 100 shares, and then completely forgetting about it. Fast forward to 2023 when you're 61 years old, and you rediscover that long-lost investment. What unfolds is a captivating journey of how a small investment in your youth could potentially transform into a substantial financial story. It's a tale of patience, the power of compounding, and the remarkable growth of a once-small company.

Let's begin by exploring the remarkable journey of Wipro through its splits and bonuses.

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Those initial 100 shares have multiplied to a staggering 2,56,00,000 shares, and their current combined value stands at a remarkable sum of nearly Rs 970 crore!

Setting aside the investment's overall value, let's now turn our attention to the dividends earned in the last four years since the last split.

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Incredible as it may seem, the sum of dividends received over the past four years amounts to a substantial Rs 23 crore!

This impressive dividend alone could secure you a 2 BHK apartment in South Bombay, reminding us that the possibilities born from prudent investments are truly limitless.

Do you own this multibagger IT stock in your portfolio? Do let us know in the comments below

Disclaimer: The article is for informational purposes only and not investment advice.

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