HPCL shares down 2.3% as Sensex falls

Shares of Hindustan Petroleum Corporation Ltd. fell 2.3 per cent to Rs 233.2 in Friday’s session as of 02:06PM (IST) even as the fairness benchmark Sensex traded 184.46 factors decrease at 49561.75.

Earlier within the day, the inventory witnessed a niche up begin to the session. The inventory quoted a 52-week excessive value of Rs 259.2 and a 52-week low of Rs 163.3 on NSE. Around 62240 shares modified arms on the counter until 02:06PM (IST).

The inventory opened at Rs 238.9 and has touched an intraday excessive and low of Rs 238.9 and Rs 233.0 in the course of the session to this point. The scrip quoted a price-to-earnings (PE) ratio of 4.76, earnings per share (EPS) of Rs 50.15 and value to e book worth (PB) of 0.94, whereas the return on fairness (ROE) stood at Rs 8.51.

Promoter/ FII Holding
The promoters held 51.57 per cent stake within the firm as of April 09, whereas FII and MF ownerships stood at 15.92 per cent and 15.45 per cent, respectively.

Key Financials

With a market capitalisation of Rs 36083.18 crore, the corporate operates within the Oil Refining & Marketing trade. For the quarter ended 31-Dec-2020, the corporate reported consolidated gross sales of Rs 69571.51 crore, up 32.24 per cent from the earlier quarter?s Rs 52610.63 crore and up 2.29 per cent from the identical quarter a 12 months in the past. The firm reported internet revenue of Rs 2373.71 crore for the newest quarter, up 131.08 per cent from the corresponding quarter final 12 months.

Technical Indicators
The relative energy index (RSI) of the inventory stands at 46.53. The RSI oscillates between zero and 100. Traditionally, it’s thought of overbought situation when the RSI worth is above 70 and oversold situation when it’s beneath 30. Analysts say the RSI indicator shouldn’t be seen in isolation, as it is probably not adequate to take a buying and selling name, simply the best way a basic analyst can’t give a “buy” or “sell” advice utilizing a single valuation ratio.