2 bonus shares and Maharatna company made Rs 31 lakh from Rs 1 lakh, now giving bonus shares for the third time

Maharatna company Hindustan Petroleum Corporation Limited (HPCL) is going to give a big gift to its investors. Hindustan Petroleum has announced to give bonus shares in the ratio of 1:2. That is, the company will give 1 bonus share for every 2 shares. The company has fixed the record date of bonus shares as June 21. This is the third time that Hindustan Petroleum Corporation is giving bonus shares to its investors. The company has increased the investment of Rs 1 lakh to more than Rs 31 lakh in just 10 years on the basis of 2 bonus shares given in the last years.

This is how Rs 1 lakh became Rs 31 lakh
Shares of Hindustan Petroleum Corporation Limited (HPCL) were at Rs 80.67 on 9 May 2014. If a person had invested Rs 1 lakh in HPCL shares at that time, he would have got 1240 shares of the company. Hindustan Petroleum Corporation issued bonus shares in the ratio of 2:1 in September 2016. The company gave bonus shares in the ratio of 1:2 in July 2017. If these bonus shares given twice were added, the total number of shares purchased for Rs 1 lakh would have increased to 5580 shares. HPCL shares closed at Rs 557.55 on 27 May 2024. According to the current share price, the value of 5580 shares would have been Rs 31.11 lakh.

HPCL shares rose 116% in a year
Shares of Hindustan Petroleum Corporation have seen a good rise in the last one year. HPCL shares have risen by more than 116% in the last one year. Shares of the Maharatna company were at Rs 257.70 on May 29, 2023. Shares of Hindustan Petroleum Corporation have reached Rs 557.55 on 27 May 2024. In the last 6 months, shares of Hindustan Petroleum Corporation have increased by 63%. The shares of the company have increased from Rs 342 to Rs 550 during this period. The 52-week high level of shares of Hindustan Petroleum Corporation is Rs 594.45. At the same time, the 52-week low level of the company’s shares is Rs 239.25.