look news india
New Delhi: Long term investment in quality shares can make you rich. Maharatna company Indian Oil Corporation's shares have also done this wonder. Indian Oil has given great returns to long term investors on the basis of bonus shares. Rs 1 lakh invested in the company's shares a few years ago has now become more than Rs 72 lakh. Indian Oil has gifted bonus shares to its investors 4 times in the last 15 years.
1 lakh rupees became 72 lakh rupees
Shares of Maharatna company Indian Oil Corporation were at Rs 28.44 on 4 July 2008. If a person had invested Rs 1 lakh in the company's shares at that time, he would have got 3516 shares. Indian Oil Corporation has given bonus shares 4 times since 2008. If we add these bonus shares, the total number of shares purchased with Rs 1 lakh becomes 42192. On 16 July 2024, the shares of Indian Corporation closed at Rs 170.70. The current value of Rs 42192 in that is Rs 72.02 lakh.
When did the company give bonus shares
Indian Oil Corporation (IOC) has given bonus shares in the ratio of 1:1 in October 2009. That is, the company gave 1 bonus share to the investors for every share. The Maharatna company gave bonus shares in the ratio of 1:2 in June 2022. The company gifted 1 bonus share for every 2 shares. We have not included the dividend received from Indian Oil Corporation in our calculation.
Company's shares increased by 75% in 1 year
Shares of Indian Oil Corporation have risen 75% in the last one year. On July 17, the company's shares were at Rs 97.37. The shares of the Maharatna company reached Rs 170.70 on July 16, 2024. So far this year, the company's shares have risen by 31 percent. The 52-week high of the company's shares is Rs 196.80. While the 52-week low of the company's shares is Rs 85.51.