Hidden Gem: This IT company’s share could be worth more than 3 MRF shares today without bonus shares or stock split!
The astounding return stands at an impressive 86,757 per cent.
Today, we will explore the fascinating scenario where the value of 3 MRF shares could match that of a certain IT stock, assuming there were no stock splits or bonus issues. In this blog, we will unravel the intricate calculations behind this seemingly magical feat, highlighting the power of mathematics. Join us on this journey, where we can indulge in the fantasy of owning such a remarkable share.
Intriguing past of our mystery share
Uncovering its history of share splits and bonus issues.
Looking back to 1980, imagine starting with 100 shares; today, after numerous splits and bonuses, that number would have multiplied to a staggering 2,56,00,000 shares.
Taking into account the Nifty's data for our mystery share dating back to 1992, let's proceed with our calculations based on this timeline.
NSE DATA
Please note that over the span of three decades, there have been numerous stock splits and bonus issues. Let's compute the returns over the timeline, factoring in the various stock splits and bonuses that have occurred.
The astounding return stands at an impressive 86,757 per cent, revealing that our enigmatic IT stock is none other than the renowned company, Wipro Ltd.
The unadjusted Stock Price of Wipro:
This is the incredible scenario where Wipro's share price equates to the value of three MRF shares. Imagine the possibilities!
Disclaimer: The article is for informational purposes only and not investment advice.
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