BPCL Share Price Update: Investors to Receive Bonus Shares
ππ₯π BPCL to issue bonus shares for the fifth time since 2000. The company is offering 1 bonus share for every share held. The record date for the bonus shares is next week on 21st June. Investors who have been investing in BPCL shares for a long time have seen good returns. Those who invested more than βΉ1 lakh in BPCL shares in just 15 years have reaped significant rewards.
πππ° BPCL, a government-owned company, has made investors prosperous with bonus shares. Calculating the investment period of the last 15 years reveals that BPCL shares were priced at βΉ69.49 on 12th June 2009. If someone had invested βΉ1 lakh in BPCL shares at that time, they would have received 1440 shares. BPCL has issued bonus shares three times since 2009 and will now issue bonus shares for the fourth time next week.
πΈπΌπ In July 2012, BPCL issued bonus shares at a 1:1 ratio. The Maharatna company also released bonus shares at a 1:1 ratio in July 2016. The last time, in July 2017, bonus shares were issued at a 1:2 ratio, giving investors 1440 shares for βΉ1 lakh. Adding up all the bonus shares given by the company, the total number of shares purchased for βΉ1 lakh becomes 8640.
πΉππ BPCL shares closed at βΉ619.15 on June 13, 2024. With 8640 shares, the current value would be βΉ53.49 lakh. BPCL shares have seen a rapid increase of 65% in the past year and have climbed nearly 39% in the last six months. The share has also surged by 37% so far this year. The 52-week high for BPCL shares is βΉ687.65, while the low is βΉ331.50.
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