What to watch. Wipro shares to turn ex-bonus on Wednesday

Shares of Wipro will turn ex-bonus on Wednesday, as the infotech major has fixed March 7 as the record date to determine eligible shareholders for the bonus shares. Wipro had recommended an issue of bonus shares in the ratio of one equity share for every three equity shares held. The stock will remain in focus, as investors wishing to receive the bonus shares need to own Wipro shares by Tuesday. Currently, 2.59 lakh small investors hold 1.85 per cent stake in Wipro.