The Economic Times
English EditionEnglish Editionहिंदी संस्करण
| E-Paper
Search
+

    Share price of HPCL jumps as Sensex gains 194.62 points

    Synopsis

    Promoters held 53.5 per cent stake in the company as of 31-Mar-2021, while FII and DII ownership stood at 16.33 per cent and 14.22 per cent, respectively.

    Getty Images
    As long as Nifty does not close above 11,720, it can slip towards 11,600.

    INSIGHTS

    Read Stock Insights by ET for a quick analysis

    Explore Now
    The share price of Hindustan Petroleum Corporation Ltd. gained 1.06 per cent to Rs 247.5 at 12:35PM (IST) in Thursday's trade. The scrip has hit a high of Rs 249.65 and low of Rs 244.7 so far during the session. The stock had closed at Rs 244.9 in the previous session.

    The counter has had a total traded volume of 196722 shares so far with a value of Rs 4.86 crore on the NSE. It traded at a price-to-earnings multiple of 4.77 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 reflects the price investors are willing to pay even for no growth in the business.

    The scrip gained 22.25 per cent during the past one year, while the 30-share index advanced 44.92 per cent during the same period.

    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 overseas investors and domestic institutional investors ownership stood at 16.33 per cent and 14.22 per cent, respectively.

    Key Financials
    The firm 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.

    Profit for the latest quarter stood at Rs 2373.71 crore, up 131.08 per cent from the same quarter a year ago.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Read before you invest. Insights on Hindustan Petroleum Corporation Ltd.. Explore Now
    The Economic Times

    Stories you might be interested in