look news india
New Delhi: Maharatna company Hindustan Petroleum Corporation Limited is giving bonus shares to its investors for the third time in 10 years. The company is going to issue bonus shares in the ratio of 1:2. This means that Hindustan Petroleum will give 1 bonus share for every 2 shares. The record date for bonus shares is June 21, 2024 next week. On Friday, June 14, 2024, Hindustan Petroleum shares closed at Rs 536.25.
Gift of bonus shares for the third time
Hindustan Petroleum Corporation Limited (HPCL) is issuing bonus shares for the third time in the last 10 years. Earlier in July 2017, the company had issued bonus shares in the ratio of 1:2. That is, the company issued 1 bonus share for every 2 shares. Hindustan Petroleum issued bonus shares in the ratio of 2:1 in September 2016. That is, the company issued two bonus shares in exchange for 1 share.
1 lakh rupees turned into more than 28 lakhs
Hindustan Petroleum Corporation Limited (HPCL) has turned an investment of Rs 1 lakh into more than 28 lakhs in the last 10 years. On July 11, 2014, HPCL shares were at Rs 83.68. If a person had bought HPCL shares worth Rs 1 lakh at that time, he would have got 1194 shares. If bonus shares are included in the last 10 years, the number of shares purchased with Rs 1 lakh will increase to Rs 5372. On June 14, 2024, HPCL shares closed at Rs 536.25. The current price of 5372 shares in that will be Rs 28.80 lakh.
96% increase in one year
The shares of Hindustan Petroleum Corporation have increased by about 96% in the last one year. On June 15, 2023, the company's shares were at Rs 273.85. On June 14, 2024, the shares of Hindustan Petroleum closed at Rs 536.25. In the last six months, the shares of the government company have seen a rise of 40 percent.
