Bonus Shares 2024: 3 Gas & Petroleum PSUs Set To Reward Bonus Shares, Dividends Soon

Three PSUs in the Gas & Petroleum sector—Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), and Oil India—will offer bonus shares from June 21 to July 2, 2024. BPCL announced a 1:1 bonus share and a Rs 21/share dividend, with a record date of June 22. \r

HPCL declared a 1:2 bonus share with a Rs 16.50/share dividend, record date June 21. Oil India declared a 1:2 bonus share with a Rs 3.75/share dividend, record date July 2. Analysts Motilal Oswal, Yes Securities, and Prabhudas Lilladher recommend buying these shares, highlighting BPCL's target price of Rs 900, HPCL's Rs 700, and Oil India's Rs 722, noting strong returns and strategic growth potential.