BPCL Share Price Soars by 67% in Past Year, Brokers Recommend Buying
📈 Market experts have stated that the public sector company Bharat Petroleum Corporation Limited (BPCL) has seen a rapid increase of 67% in its share price over the past year, with the potential for further growth. Brokerage firms MK Global and Antique Stock Broking have advised investors to purchase BPCL shares. The brokerage house has set a target price of up to ₹770 for the company’s shares. BPCL shares closed at ₹626.75 on June 14, 2024.
BPCL to Issue Bonus Shares in 1:1 Ratio
💰 BPCL will be issuing bonus shares to its investors in a 1:1 ratio. The company has set the record date for bonus shares as June 21, 2024. This will be the fifth time BPCL has issued bonus shares, with the last issuance in December 2000 at a 1:1 ratio. On Tuesday (June 18, 2024), the share price increased by 0.55% to ₹630.
BPCL’s Share Price Growth and Bonus Share History
📊 In the past eight months, BPCL’s share price has increased by 87%. As of October 27, 2023, the company’s shares were trading at ₹334.50. The share price closed at ₹626.75 on June 14, 2024, marking a 40% increase in the past six months. Over the last two years, BPCL’s share price has grown by 108%, from ₹301.15 on June 17, 2022, to ₹626.75 on June 14, 2024. The 52-week high for BPCL shares is ₹687.65, while the low is ₹331.50.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
