HPCL Share Ought to Gain a Tad, Though Negative ways Loomed the Market

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BUY:  HINDUSTAN PETROLEUM CORPORATION                 
CMP-275           ENTER ABOVE-280        TARGET- 300      STOP LOSS- 269
 
Hindustan Petroleum Corporation Ltd (NS: HPCL ) (HPCL) is one of the significant players in oil and gas in India which involves the exploration, production, and processing of petrol, diesel, kerosene, LPG and other petroleum products. HPCL has an 18% market share in India and has a strong position in the refining and marketing of petroleum products in India.

In addition, the company owns a large national lubricant refinery in Mumbai and produces basic lubricants with a capacity of 28 TMTPA. It owns and operates refineries with a nominal capacity of 7.5 MMTPA and 8.3 MMTPA respectively in two commercial cities of India. It has the second-largest petroleum product pipeline network in India with a net worth of 3,775 km, presently conducts 19 JV and subsidiary companies which operate across oil and gas chain. Research & Development Centre of HPCL located in Bengaluru provides advanced technical support to the refineries and marketing SBUs for its operational progress. Research center, as a knowledge hub, absorbs new technologies and develops innovative and path-breaking technologies, license technologies.

Recent agreement with Tata power

Of late, Hindustan Petroleum Corporation Limited (HPCL) has tied up with Tata power to provide end-to-end EV charging stations in multiple cities and major highways across the country at HPCL’s retail outlets (petrol pumps). This agreement will be added source to increase earnings in the future as the world moving towards the wave of Electronic vehicles which kick-starts EV charging stations.
 
HPCL has reported an 8.43% growth in total income (standalone) to Rs 75,387.99 crore for the quarter ended March 21, compared to the quarter of March 20 which reported Rs 66, 578.99. The profit after Tax (PAT) (standalone) for the quarter ended March 21 was reported to be Rs 3017.96 crore.

HPCL has reported an 8.37 percent growth in total income (consolidated) to Rs 75,394.63 crore for the quarter ended March 21, compared to the quarter of March 20 which reported Rs 66,679.85. The profit after Tax (PAT) (consolidated) for the quarter ended March 21 was reported to be Rs 3060.70 crore.
 
Refinitiv Stock Report Plushighlighted points

·         HPCLs stock score has moved down by 1 in a month.
·         The score for Hindustan Petroleum Corp last changed from 10 to 9 on 2021-07-11.
·         A decline in the Price Momentum and Earnings component scores are reasons for the recent change in the Average Score.
 
Stock Returns vs. { Nifty 100

HPCL Stock gained a one-year return of 21.66 % as compared to Nifty 100 which had given a return of 42.44 %. When compared past five days performance of the stock with NIFTY 100, HPCL share recorded positive results of 1.30% return whereas NIFTY100 dipped a tad (-0.89%)

HPCL stock is presently on the end of the day quoting at Rs 275.75, up 1.36% on3:30 IST on the NSE. The benchmark NIFTY100 is down around 0.83% on the day, quoting at 15874.10. The Sensex is at 52,198.51 down 0.68%.

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  • Ajit Kumar @Ajit Kumar
    Dividend yeilding company at low price
    Like 2
  • Ajit Kumar @Ajit Kumar
    will surely go above 300
    Like 1
    • Manish Saraf @Manish Saraf
      @Ajit Kumar wait for 2 month for target above 300🤑
      Like 0
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