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HPCL Bonus Issue: Last Day to Qualify Before Record Date - CurrencyVeda
November 22, 2024

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HPCL Bonus Issue: Last Day to Qualify Before Record Date

Editor Currencyveda03 mins
stock market

June 21, 2024

New Delhi, India

HPCL Bonus Issue

Hindustan Petroleum Corporation Limited (HPCL) has announced June 21 as the record date for its 1:2 bonus share issuance. This means that today, June 20, is the last day for investors to purchase HPCL shares to qualify for receiving the bonus shares.

Key Details of the HPCL Bonus Share Issuance

  • Bonus Share Ratio: 1:2 (For every two shares held, investors will receive one additional share).
  • Record Date: June 21, 2024.
  • Funding Source: HPCL will use Rs 709.27 crore from its free reserves or share premium to fund the bonus share issue.
  • Share Credit Date: The bonus shares will be credited to the eligible shareholders’ Demat accounts by or before July 8, 2024.
  • Paid-Up Share Capital:
    • Before Bonus Issuance: Rs 1,418.55 crore.
    • After Bonus Issuance: Rs 2,127.82 crore.

Financial Performance

  • Q4 FY2024: HPCL reported a net profit of Rs 2,709.31 crore, a 25% decrease compared to the same quarter the previous year.
  • Full Fiscal Year 2023-24:
    • Net Profit: Rs 16,014.61 crore, a significant turnaround from the Rs 6,980.23 crore loss reported in the previous year.

HPCL Stock Performance

  • One-Year Performance: HPCL shares have surged by 89%.
  • Year-to-Date (YTD) Basis: Shares have gained 29%.
  • Closing Price: Despite the overall growth, HPCL shares closed 2.73% lower today, at Rs 515.70 on the BSE.

Investors who want to benefit from the bonus share issuance should ensure they purchase HPCL shares by the end of trading today to be eligible.

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CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.

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