WEB 63 Dividend and Bonus Issue: A Multibagger PSU Stock to Announce Free Shares Soon
HPCL: A Strong Performer
Shares of Hindustan Petroleum Corporation Limited (HPCL) have recently experienced a surge of up to 4%. This growth comes after the state-owned company announced a 63% dividend payout and a 261% bonus issue.
The company's strong performance and generous dividend policy have made it a popular choice among investors.
A Multibagger Stock
HPCL has consistently outperformed the market, earning it the reputation of a multibagger stock. In the past six months alone, its share price has more than doubled.
The company's robust financial performance and growth prospects make it an attractive long-term investment.
Free Shares on the Horizon
HPCL is expected to announce a bonus issue of 1 free share for every 2 shares held. This will further enhance the value for shareholders and increase the company's liquidity.
The ex-date for the bonus issue will be 14th, and the record date will be 20th.
Investment Opportunities
HPCL's strong fundamentals and upcoming bonus issue provide investors with an attractive opportunity for growth.
The company's commitment to rewarding shareholders, combined with its strong financial performance, make it a compelling investment option.
Key Points:
- HPCL announces 63% dividend payout and 261% bonus issue
- Shares jump up to 4% on the news
- HPCL is a multibagger stock that has outperformed the market
- Upcoming bonus issue will increase shareholder value and liquidity
- Investors can capitalize on the growth opportunities offered by HPCL
Disclaimer:
This article is for informational purposes only and should not be construed as financial advice. Investors should consult with a qualified financial professional before making any investment decisions.
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