HPCL Shares Hit 52-Week High On Bonus Issue

Shares of state-run Hindustan Petroleum Corporation (HPCL) surged over 8 per cent to a fresh 52-week high of Rs 1,215 on the National Stock Exchange on Thursday after the oil marketing company's board approved a 2:1 bonus issue.  "The board of directors of the company at its meeting held on July 20, 2016, inter alia, have considered and recommended increase in authorised share capital to Rs.2,500 crore and further recommended capita...