The announcement was made during trading hours today, 25 May 2012.
Meanwhile, the BSE Sensex was down 26.05 points, or 0.16%, to 16,196.25.
On BSE, 5.24 lakh shares were traded in the counter as against an average daily volume of 48,068 shares in the past one quarter.
The stock hit a high of Rs 742 and a low of Rs 715.85 so far during the day. The stock had hit a 52-week high of Rs 768.40 on 16 May 2012. The stock had hit a 52-week low of Rs 459.05 on 5 January 2012.
The stock had outperformed the market over the past one month until 24 May 2012, gaining 5.62% compared with the Sensex's 5.72% fall. The scrip had also outperformed the market in past one quarter, rising 11.15% as against 9.49% fall in the Sensex.
The large-cap state-run oil marketing company has an equity capital of Rs 361.54 crore. Face value per share is Rs 10.
Net profit of BPCL surged 323.75% to Rs 3962.83 crore on 42.85% increase in net sales to Rs 64,642.18 crore in Q4 March 2012 over Q4 March 2011.
The crude throughput was reported at 6 million metric tonnes (MMT) in Q4 March 2012 against 5.58 MMT in Q4 March 2011, while sales stood at 8.23 MMT in Q4 March 2012 against 7.76 MMT in Q4 March 2011.
BPCL's board has recommended a 1:1 bonus issue of shares. The company will seek shareholders' approval for the same through postal ballot process.
The board has recommended a dividend of Rs 11 per equity share of face value Rs 10 each for the year ended March 2012.