Maharatna company Hindustan Petroleum Corporation Limited is going to give the gift of bonus shares to its investors for the third time in 10 years. The company is going to give bonus shares in the ratio of 1:2. That is, Hindustan Petroleum will give 1 bonus share for every 2 shares. The record date of the bonus shares is next week on June 21, 2024. Shares of Hindustan Petroleum closed at Rs 536.25 on Friday, June 14, 2024.
Bonus share gift for the third time
Hindustan Petroleum Corporation Limited (HPCL) is giving bonus shares for the third time in the last 10 years. The company had earlier given bonus shares in the ratio of 1:2 in July 2017 also. That is, the company gave 1 bonus share for every 2 shares. Hindustan Petroleum had given bonus shares in the ratio of 2:1 in September 2016. That is, the company gave 2 bonus shares for 1 share.
This powerful railway company got work worth ₹160 crore, keep an eye on Tuesday
Made more than Rs 28 lakh from Rs 1 lakh
Hindustan Petroleum Corporation Limited (HPCL) has turned an investment of Rs 1 lakh into more than Rs 28 lakh in the last 10 years. HPCL shares were at Rs 83.68 on 11 July 2014. If a person had bought HPCL shares for Rs 1 lakh at that time, he would have got 1194 shares. If we add the bonus shares received in the last 10 years, the number of shares purchased for Rs 1 lakh would have increased to 5372. HPCL shares closed at Rs 536.25 on June 14, 2024. In such a situation, the current value of 5372 shares would have been Rs 28.80 lakh.
This share of Rs 75 rose 3100% in 10 months, made Rs 38 lakh from Rs 1.20 lakh
Company’s shares have risen 96% in one year
Shares of Hindustan Petroleum Corporation have increased by about 96 percent in the last one year. The company’s shares were at Rs 273.85 on June 15, 2023. Shares of Hindustan Petroleum closed at Rs 536.25 on June 14, 2024. Hindustan Petroleum shares have seen a jump of 40% in the last 6 months.
