![HPCL shares jump 3% on bonus issue, dividend payout](https://images.assettype.com/fortuneindia%2F2023-06%2F50c31fc3-9bda-46b9-b4fb-9a1dbf4e3330%2FHPCL_Jammu.jpeg?w=300&q=95)
HPCL shares jump 3% on bonus issue, dividend payout
The board of HPCL has recommended a bonus issue of 1:2 (one for two) and a final dividend of ₹16.5 per share.
The board of HPCL has recommended a bonus issue of 1:2 (one for two) and a final dividend of ₹16.5 per share.
HPCL shares have gained nearly 26% in the last ten sessions, inching close to its 52-week high of ₹309.85 touched on July 26, 2023.
HPCL posted a back-to-back quarterly loss amid continued decline in margins due to a freeze on retail prices of petrol and diesel.