by On Monday, the shares of state-owned oil companies saw a tremendous surge. Shares of Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL), Oil India Limited (OIL) and Indian Oil Corporation Limited (IOC) rose up to 10 percent on Monday. The highest rise has been seen in the shares of Hindustan Petroleum Corporation. HPCL, BPCL and Oil India are going to gift bonus shares to their investors. Bonus share record date is near. Shares of oil companies have also seen a big rise since the exit poll.
HPCL shares rise over 10%, company offering bonus shares in 1:2 ratio
Shares of Hindustan Petroleum Corporation Limited (HPCL) rose over 10 percent on Monday to Rs. 594.70 was reached. Shares of HPCL hit a new 52-week high on Monday. Maharatna company HPCL has announced to issue bonus shares in the ratio of 1:2. The company has fixed the record date of bonus shares as 21 June 2024. Shares of HPCL have gained more than 130% in the last one year.
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Shares of BPCL rose over 8%, with the company offering bonus shares at a ratio of 1:1.
Shares of Bharat Petroleum Corporation Limited (BPCL) rose over 8 percent on Monday. Shares of BPCL rose over 8% on Monday to Rs. reached 687. Shares of the company are very close to their 52-week high. Government company BPCL has announced to issue bonus shares in the ratio of 1:1. The company has fixed the record date of bonus shares on June 22. Shares of Bharat Petroleum Corporation have increased by more than 90 percent in the last one year.
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Oil India share price rises over 8%, bonus shares at 1:2 ratio
Shares of Oil India Ltd rose more than 8 percent on Monday. Shares of Oil India on Monday rose to Rs. 682.20 and made a new 52-week high. Oil India Limited is giving bonus shares to its investors in the ratio of 1:2. That is, the company will issue 1 bonus share for every 2 shares. In the last one year, the shares of Oil India have seen an increase of more than 170 percent. Shares of Indian Oil Corporation (IOC) also gained 8 percent on Monday. The company’s share has reached 176.40 rupees.
