PSU Stocks: Bharat Petroleum Corporation Limited to Distribute Free Bonus Shares to Investors
📈 Bharat Petroleum Corporation Limited (BPCL) is gearing up to distribute free bonus shares to its investors. The board meeting is scheduled for Thursday, 9th May.
In this meeting, the company may announce the distribution of free bonus shares to its investors. This will be the fifth time that BPCL has allocated bonus shares. On Tuesday, BPCL’s share closed at ₹504.05. On Wednesday, 8th May, the share price increased by 1.68% to ₹614.45. On Thursday, 9th May, the share price dropped by 1.93% to ₹608.
BPCL has previously allocated bonus shares four times. In July 2017, the company issued free bonus shares in a 1:2 ratio. In July 2016 and July 2012, BPCL distributed free bonus shares in a 1:1 ratio. In December 2000, the company also distributed free bonus shares in a 1:1 ratio.
Investors who invested ₹1 lakh in BPCL’s shares in the year 2000 received 7,590 shares. On 12th May 2000, BPCL’s shares were trading at ₹13.17.
Between 2000 and 2024, BPCL has issued bonus shares, totaling 91,080 shares. On 7th May 2024, BPCL’s shares closed at ₹604.05, with a total value of ₹5.50 crore for 91,080 shares.
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