HPCL Share Price: Buy Hindustan Petroleum Corporation, Price Target Rs 313: Chandan Taparia

Chandan Taparia of Motilal Oswal has a call to buy on Hindustan Petroleum Corporation with a target price of Rs 313. The current market price of Hindustan Petroleum Corporation is Rs 290.4. The time period given by the analyst is Intra Day when the price of Hindustan Petroleum Corporation Ltd. can achieve the set goal.

Hindustan Petroleum Corporation Ltd., incorporated in 1952, is a large capitalization company (having a market capitalization of Rs 41223.01 Crore) operating in the oil and gas sector.

Major product/revenue segments of Hindustan Petroleum Corporation Ltd. include refineries, rents and other operating income for the year ending March 31, 2021.


For the quarter ended 31-12-2021, the company reported consolidated total revenue of Rs 97146.50 Crore, up 10.29% from the previous quarter’s total revenue of Rs 88085.42 Crore and up 39.64% compared to the same quarter of last year. Total income of Rs 69571.51 Crore. The company reported a net profit after tax of Rs 774.76 Crore last quarter.

Investment rationale
Negation of its lower high – lower low on the weekly scale, double bottom on the daily scale.

Promoter/Fii Holdings
The promoters held 54.9% of the company’s capital as of December 31, 2021, while the FIIs held 20.19% and the DIIs 15.12%.

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