Wipro (₹577.85) has announced bonus with a ratio of 1:1. The face value per equity share is ₹2. The split will lead to necessary adjustments in the futures and options (F&O) contracts on this stock on the record date. The company has decided December 3 as the record/effective date. On this day, the stock price and all derivatives contracts on Wipro will be adjusted appropriately. With respect to adjustment in futures contracts, the reference rate of the relevant contract on December 2 will be considered. Reference rate will be the mark-to-market settlement price of the relevant futures contract. So, the open positions shall be carried forward to December 3 at the daily settlement price on December 2 divided by 2, the adjustment factor. Suppose the nearest expiry futures (December contract) closes at ₹600 on December 2, it will be revised to ₹300 (₹600 divided by 2). Also, the lot size will go up 2 times from current 1,500 shares to 3,000 shares per contract. Hence, there won’t be any change in the contract value. Likewise, in options, all the strike prices in the option chain of Wipro will be divided by 2 from December 3. For example, the strike price of 600 and 590 will be modified to 300 and 295 respectively. That said, the above measures are not likely to impact the overall trend of this stock. So, traders can stick to their views and are only required to note the changes in the contracts that they hold. Comments
IPO Buzz: 2 New Offers And 6 Listings To Wrap Up Record-Breaking YearLOS ANGELES (AP) — The Los Angeles Rams faced fourth-and-5 at the Buffalo 35 with a 38-35 lead and just under four minutes to play Sunday in their high-octane showdown with the Bills. Sean McVay is often a conservative coach, and it would not have been surprising to see him try a long field goal, or even punt. He kept his offense on the field, and Matthew Stafford calmly went through his progression before finding Tutu Atwell across the middle for an 11-yard gain that played a major role in the Rams' ability to hold on for a season-altering, 44-42 victory over the powerhouse Bills . “We felt like we needed to make it a two-possession game,” McVay said Monday. “They were rolling. We talked about aggressively going to win that game. ... It was just a reflection of the confidence in that group and what we felt like we needed to do to be able to win the game.” The Rams offense has earned the confidence McVay showed in it at that crucial moment. That unit hasn't always been good this season, entering last weekend rated just 18th in the league, but the Rams finally are mostly healthy heading down the stretch — and Puka Nacua and Kyren Williams are again playing at last season's Pro Bowl level. That was bad news for Buffalo, and it could mean trouble for the rest of the NFC if the Rams (7-6) can keep scoring like this. Los Angeles will hope to keep this offensive momentum on a short week heading to San Francisco on Thursday night. Nacua said it was “fantastic being able to feel like, man, this is what it feels like when the Rams are moving and connecting on all cylinders.” Los Angeles had six scoring drives of at least 65 yards while racking up 457 yards against Buffalo. Stafford had a season-high 320 yards passing, while Nacua had another spectacular game with 162 yards receiving and two touchdowns along with 16 yards rushing and another TD on five carries. Incredibly, it was the Rams’ first 40-point game with Stafford behind center. Thanks to that stellar offensive performance, the Rams are above .500 for the first time all season and just one game back of Seattle (8-5) in the NFC West after winning six of their past eight games. A team that appeared to be headed for a grim season after a 1-4 start is still firmly in the playoff race, also trailing Washington (8-5) by just one game for the final wild-card spot. “It’s cool to be able to play meaningful football in December,” said McVay, who led the Rams to five playoff berths in his first seven seasons. "You never take that for granted.” What's working The offense hummed largely because it went 11 of 15 on third downs. That's the Rams' highest success rate in a game since 2001 — and don't forget that crucial fourth down conversion, either. What needs help Few teams can stop Josh Allen, but the Rams' defense didn't come close. The defensive backs particularly struggled, from Darious Williams getting beaten repeatedly in coverage to Quentin Lake's 34-yard pass-interference penalty in the final moments. Two weeks after Philadelphia dropped 481 yards at SoFi Stadium, Buffalo had 445 to push the Rams down to 26th in total defense entering Monday. Stock up The Rams' offensive line has struggled mightily at times this season, but it allowed no sacks and just three hits on Stafford while clearing the way for 137 yards rushing. With full health, the line is no longer a liability. Stock down Edge rusher Byron Young had a rough outing that included two penalties on Buffalo's first drive — an egregious late hit on Allen and a defensive offside that negated a 2-yard Bills loss on second down from the LA 1. The Rams' overall defensive discipline was repeatedly poor, and it cost them. Injuries CB Cobie Durant has a bruised lung, McVay revealed Monday. The Rams are uncertain whether it will prevent him from playing Thursday. Durant has started all 13 games this season. ... WR Demarcus Robinson sprained his shoulder against Buffalo, but kept playing. Key number 1 — The numbers of NFL games played with two teams scoring at least 40 points and making no turnovers. The Rams and Bills made history. Next steps The 49ers haven't been this vulnerable in four years, but Kyle Shanahan has had McVay's number throughout their careers — notwithstanding the Rams' 27-24 comeback win in September when both teams' top offensive playmakers were all injured. AP NFL: https://apnews.com/NFL
COLUMBUS, Ohio (AP) — A fight broke out at midfield after Michigan stunned No. 2 Ohio State 13-10 on Saturday as Wolverines players attempted to plant their flag and were met by Buckeyes who confronted them. Police had to use pepper spray to break up the players, who threw punches and shoves in the melee that overshadowed the rivalry game. Ohio State police said in a statement “multiple officers representing Ohio and Michigan deployed pepper spray.” Ohio State police will investigate the fight, according to the statement. After the Ohio State players confronted their bitter rivals at midfield, defensive end Jack Sawyer grabbed the top of the Wolverines' flag and ripped it off the pole as the brawl moved toward the Michigan bench. Eventually, police officers rushed into the ugly scene. Ohio State coach Ryan Day said he understood the actions of his players. “There are some prideful guys on our team who weren't going to sit back and let that happen,” Day said. The two Ohio State players made available after the game brushed off questions about it. Michigan running back Kalel Mullings, who rushed for 116 yards and a touchdown, didn't like how the Buckeyes players involved themselves in the Wolverines' postgame celebration. He called it “classless.” “For such a great game, you hate to see stuff like that after the game," he said in an on-field interview with Fox Sports. “It’s just bad for the sport, bad for college football. But at the end of the day, you know some people got to — they got to learn how to lose, man. ... We had 60 minutes, we had four quarters, to do all that fighting.” Michigan coach Sherrone Moore said everybody needs to do better. “So much emotions on both sides," he said. "Rivalry games get heated, especially this one. It’s the biggest one in the country, so we got to handle that better.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballCOLUMBUS, Ohio (AP) — A fight broke out at midfield after Michigan stunned No. 2 Ohio State 13-10 on Saturday as Wolverines players attempted to plant their flag and were met by Buckeyes who confronted them. Police had to use pepper spray to break up the players, who threw punches and shoves in the melee that overshadowed the rivalry game. Ohio State police said in a statement “multiple officers representing Ohio and Michigan deployed pepper spray.” Ohio State police will investigate the fight, according to the statement. After the Ohio State players confronted their bitter rivals at midfield, defensive end Jack Sawyer grabbed the top of the Wolverines' flag and ripped it off the pole as the brawl moved toward the Michigan bench. Eventually, police officers rushed into the ugly scene. Ohio State coach Ryan Day said he understood the actions of his players. “There are some prideful guys on our team who weren't going to sit back and let that happen,” Day said. The two Ohio State players made available after the game brushed off questions about it. Michigan running back Kalel Mullings, who rushed for 116 yards and a touchdown, didn't like how the Buckeyes players involved themselves in the Wolverines' postgame celebration. He called it “classless.” “For such a great game, you hate to see stuff like that after the game," he said in an on-field interview with Fox Sports. “It’s just bad for the sport, bad for college football. But at the end of the day, you know some people got to — they got to learn how to lose, man. ... We had 60 minutes, we had four quarters, to do all that fighting.” Michigan coach Sherrone Moore said everybody needs to do better. “So much emotions on both sides," he said. "Rivalry games get heated, especially this one. It’s the biggest one in the country, so we got to handle that better.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballThe Orlando Magic may not be doing their reputation any good these days. The NBA announced on Saturday that Magic guard Jalen Suggs has been assessed a postgame flopping fine of $2,000 for an incident in Friday’s NBA Cup game against the Brooklyn Nets. Suggs was playing some tight defense on Brooklyn’s Tyrese Martin in the third quarter and flailed dramatically when Martin attempted to clear some space. Here is the video. add suggs to the list of 'underrated flop artists' pic.twitter.com/346UMTTUXH — outbreezy (@outbreezyWC) November 30, 2024 But wait, there’s more! The NBA also announced Saturday that another Magic player, center Goga Bitadze, had also been hit with a $2,000 flopping fine stemming from an incident during Friday’s game against the Nets. Bitadze’s episode occurred at another point in the third quarter when Orlando was on offense. He was running up the floor in transition and got nudged in the paint by Brooklyn’s Ben Simmons. Bitadze then thrashed around and ended up well out of bounds by the baseline in attempt to sell the contact. You can see that video here . The poetic justice was that neither flop attempt worked — Suggs was the one who was called for a foul for his initial jostling of Martin, and no whistle was blown on the Bitadze-Simmons play. The Magic still went on to win by a 123-100 final though. The NBA can go back and retroactively hand out flopping fines upon league review, which is exactly what happened here. Those fines have been a part of the game for many years now, but in-game penalties for flopping also debuted just last season ( which have been given from time to time ). This article first appeared on Larry Brown Sports and was syndicated with permission.