BPCL inventory has risen 24.1 p.c over the previous one month.
Shares of Bharat Petroleum Corp Ltd (BPCL) jumped 2 p.c intraday on November 29 after the board of the oil advertising and marketing firm permitted an interim dividend of Rs 21 or 210 p.c per fairness share of a face worth of Rs 10 for the monetary 12 months 2023-24.
The document date to find out the eligibility of the shareholders to obtain the dividend has been set for December 12, 2023. The dividend might be paid out on or earlier than December 28, 2023.
As of 12.10pm, shares of BPCL had been buying and selling increased by 1.56 p.c on the BSE at Rs 430.9.
For the monetary 12 months ended March 2023, BPCL has declared an fairness dividend of 40 p.c, amounting to Rs 4 per share with a face worth of Rs 10.
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The OMC reported a consolidated web revenue of Rs 8,501 crore in Q2 FY24, in opposition to a web lack of Rs 304 crore a 12 months in the past, primarily as a result of softer crude oil costs and decrease uncooked materials prices. BPCL’s consolidated income fell about 9 p.c year-on-year to Rs 1.17 lakh crore within the July-September quarter.
Final 12 months, the state-owned oil advertising and marketing firms handled increased crude prices within the aftermath of the Russia-Ukraine conflict. The businesses needed to freeze retail gas costs to keep away from additional inflationary pressures within the import-dependent nation and to make sure steady financial restoration from the pandemic.
Shares of BPCL have zoomed 24.1 p.c over the previous one month. Compared, the benchmark index Nifty 50 has recorded an increase of 4.62 p.c throughout the identical time interval.
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