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    HPCL shares up 0.5% as Nifty gains

    Synopsis

    A total of 24,961 shares changed hands on the counter till 11:54AM (IST).

    PTI
    Sensex slipped 73 points, or 0.2 per cent, while Nifty added 2 points last week.

    INSIGHTS

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    NEW DELHI: Shares of Hindustan Petroleum Corporation Ltd. traded 0.5 per cent up in Tuesday's trade at 11:54AM (IST). Around 24,961 shares changed hands on the counter.

    The scrip opened at Rs 234.9 and touched an intraday high and low of Rs 234.9 and Rs 232.7, respectively, in the session so far. Shares of the company of Hindustan Petroleum Corporation Ltd. quoted a 52-week high of Rs 259.2 and a 52-week low of Rs 163.3.

    As per BSE, the total market cap of the Hindustan Petroleum Corporation Ltd. stood at Rs 33928.48 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 69571.51 crore for the quarter ended 31-Dec-2020, up 32.24 per cent from previous quarter's Rs 52610.63 crore and up 2.29 per cent from the year-ago quarter's Rs 71205.13 crore.

    The net profit for latest quarter stood at Rs 2373.71 crore, up 131.08 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Mar-2021, DIIs held 14.22 per cent stake in the company, while foreign institutional investors held 16.33 per cent and the promoters 53.5 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a price-to-earnings multiple of 4.48 and a price-to-book ratio of 0.94. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Hindustan Petroleum Corporation Ltd. belongs to the Oil Refining & Marketing industry.
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