Share price of HPCL jumps as Sensex drops 352.43 points

Share price of Hindustan Petroleum Corporation Ltd. gained 0.02 per cent to Rs 234.6 at 11:07AM (IST) in Monday's trade. The scrip hit a high of Rs 236.2 and low of Rs 231.1 so far during the session. The stock had closed at Rs 234.55 in the previous session.

The counter had a total traded volume of 11:07AM shares so far with a turnover of Rs 1.02 crore on BSE. The stock traded at a price-to-earnings multiple of 4.51 and a price-to-book ratio of 0.94.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 53.5 per cent stake in the company as of 31-Mar-2021, while FIIs and domestic institutional investors ownership stood at 16.33 per cent and 18.93 per cent, respectively.

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 the previous quarter's Rs 52610.63 crore and up 2.29 per cent from the year-ago quarter's Rs 71205.13 crore.

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