Buy HPCL, target price Rs 308: Motilal Oswal

Motilal Oswal has buy call on HPCL with a target price of Rs 308. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 217.05.

Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 33166.00 Crore) operating in Gas & Petroleum sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 51570.10 Crore, up 37.30 % from last quarter Sales of Rs 37558.80 Crore and down -14.99 % from last year same quarter Sales of Rs 60661.77 Crore Company reported net profit after tax of Rs 2368.46 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.5 per cent, DIIs 22.3 per cent and public and others 11.1 per cent.