Why Does Google Show a Different Wipro Share Price for 2020? Explained with Bonus Adjustments

 

Have you ever checked the historical share price of a stock on Google, only to find that it doesn’t match the price you remember or paid? If so, you're not alone! Many investors, including those who bought Wipro shares in 2020, notice differences in past share prices displayed by Google and other stock market platforms.

Why Does Google Show a Different Share Price?

Stock market platforms like Google Finance adjust historical prices based on corporate actions such as bonus issues, stock splits, and dividends. These adjustments help investors see the relative price movement of a stock without sudden jumps due to bonus shares or splits.

For example, if you bought 1 share of Wipro at ₹361 in December 2020, Google might show the price as ₹176 for the same date. This is because of the bonus share adjustments that happened later.

Wipro Bonus Share History Impacting Price Adjustments

Wipro has issued multiple bonus shares over the years, which have affected its stock price history. The most relevant one for investors who bought in 2020 is:

🔹 1:3 Bonus Issue in July 2021 (For every 3 shares held, you received 1 extra share)
🔹 1:1 Bonus Issue in December 2024 (For every 1 share held, you received 1 extra share)

How Google Adjusts the Share Price?

When a company issues a 1:1 bonus share, the total number of shares doubles. As a result, the stock price is halved to reflect this. Here’s how the adjustment works:

$$\text{Adjusted Price} = \frac{\text{Original Price}}{1 + \text{Bonus Ratio}}$$

For example, if you purchased Wipro at ₹361 in 2020, and after the 1:1 bonus, the adjusted price would be:

$$\text{Adjusted Price} = \frac{₹361}{1+1} = \frac{₹361}{2} = ₹180.50$$

This means that the price shown by Google (₹176) is slightly different, possibly due to other minor adjustments, but it is close to the adjusted value.

What Should Investors Do?

✅ Check official data sources like NSE/BSE or your brokerage account for actual historical prices.
✅ Understand bonus adjustments before comparing stock prices over time.
✅ Focus on total investment value, not just per-share price. If you held Wipro shares through the bonuses, your total number of shares increased, compensating for the adjusted price.

Final Thoughts

Google and other financial platforms adjust stock prices for bonus issues and other corporate actions, which may cause differences between your purchase price and the price displayed on historical charts. As an investor, it’s essential to consider total portfolio value growth rather than just per-share price changes.

If you found this explanation helpful, share your thoughts in the comments! 🚀