INSIGHTS
Read Stock Insights by ET for a quick analysis
Nomura, India has neutral call on Hindustan Petroleum Corporation Ltd () with a target price of Rs 275. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 247.75.
HPCL, incorporated in the year 1952, is a large cap company with a cap of Rs 37,956.06 Crore, operating in gas & petroleum sector.
Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2019.
Investment rationale
The brokerage affirms neutral rating as the company's marketing outlook is better, but refining remains weak; large refinery capacity addition is also a worry says Nomura.
Financials
For the quarter ended 31-12-2020, the company has reported a Consolidated Total Income of Rs 69,571.51 Crore, up 32.24 per cent from last quarter Total Income of Rs 52,610.63 Crore and down 2.29 per cent from last year same quarter Total Income of Rs 71,205.13 Crore. Company has reported net profit after tax of Rs 2,316.85 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 51.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.9 per cent, DIIs 20.8 per cent and public and others 11.7 per cent.
HPCL, incorporated in the year 1952, is a large cap company with a cap of Rs 37,956.06 Crore, operating in gas & petroleum sector.
Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2019.
Investment rationale
The brokerage affirms neutral rating as the company's marketing outlook is better, but refining remains weak; large refinery capacity addition is also a worry says Nomura.
Financials
For the quarter ended 31-12-2020, the company has reported a Consolidated Total Income of Rs 69,571.51 Crore, up 32.24 per cent from last quarter Total Income of Rs 52,610.63 Crore and down 2.29 per cent from last year same quarter Total Income of Rs 71,205.13 Crore. Company has reported net profit after tax of Rs 2,316.85 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 51.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.9 per cent, DIIs 20.8 per cent and public and others 11.7 per cent.
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