The company announced that its board meeting will be held on Monday, August 29 to consider issue of bonus shares. On August 10, 2016 the company has reported that a board meeting of the company is scheduled on August 29, 2016, for considering and approving the unaudited financial results of the company for the first quarter ended June 30, 2016. IOC share price has moved higher by nearly 5% to Rs 568 on both the bourses.
Earlier, on 17th August 2016, the company had declared the final dividend of Rs. 8.50 on each share of face value of Rs. 10. IOC share price has witnessed a lot of changing of hands of late. On 19th 2.36 times increased volume in shares traded was seen while on 23rd the volume was 2.12 times greater. Today, a total of 44,09,227 shares changed hands which is 2.56 times higher than the average traded volume. IOC share price closed at Rs. 565.10 with a rise of almost 4%.
IOC’s peers Hindustan Petroleum Corporation and Bharat Petroleum Corporation had also issued bonuses. HPCL, on July 20, had declared bonus shares in the ratio of two bonus equity share of Rs 10 each for every one existing equity share of Rs 10 each.
BPCL issued bonus shares in the ratio of 1:1 i.e. one new bonus equity share of Rs 10 each for every existing one fully paid up equity share of Rs 10 each. BPCL share price closed at 581.75 with a rise of around 1%.
All the three stocks are the top 500 performing stocks identified by Dynamic Levels. For details refer to the IOC share price history, HPCL share price history and BPCL share price history page of Dynamic Levels website.
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