BPCL, HPCL Shares Surge: Expert Insights & Corporate Actions!

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Both BPCL and HPCL shares surged up to 5% following Q4 and FY24 results, driven by improved performance amid petrol and diesel price hikes.

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BPCL's FY24 net profit hits ₹26,858.84 crore, driven by increased refining margins and sales, while HPCL reports a record net profit of ₹16,014.61 crore for FY24.

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BPCL declares a 1:1 bonus issue and a final dividend of ₹21 per equity share pre-bonus, with a record date set for June 22, 2024, while HPCL announces a 1:2 bonus issue.

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Both companies focus on growth strategies with BPCL expanding its petrol pumps and CNG stations network, and HPCL eyeing further expansion amid market shifts.

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BPCL, HPCL Shares Surge: Expert Insights & Corporate Actions!

Both BPCL and HPCL shares surged up to 5% following Q4 and FY24 results, driven by improved performance amid petrol and diesel price hikes.

BPCL, HPCL Shares Jump Post Q4 Earnings

BPCL's FY24 net profit hits ₹26,858.84 crore, driven by increased refining margins and sales, while HPCL reports a record net profit of ₹16,014.61 crore for FY24.

Profit Growth Amid Market Trends

BPCL declares a 1:1 bonus issue and a final dividend of ₹21 per equity share pre-bonus, with a record date set for June 22, 2024, while HPCL announces a 1:2 bonus issue.

Corporate Actions Announced

Both companies focus on growth strategies with BPCL expanding its petrol pumps and CNG stations network, and HPCL eyeing further expansion amid market shifts.

Future Outlook & Expansion