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    HPCL shares fall 1.45 per cent in Friday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 57.72 on Friday.

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    INSIGHTS

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    Shares of Hindustan Petroleum Corporation Ltd. fell 1.45 per cent to Rs 242.1 in Friday's trade as of 01:12PM (IST) even as the benchmark Nifty ruled at 14789.55, up 64.75 points.

    The scrip had closed at Rs 245.65 in the previous session. The stock quoted a 52-week low of Rs 163.3 and a high of Rs 259.2. The company quoted a market-cap of Rs 35238.74 crore on the BSE.

    On BSE, 83,340 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 4.65 times its trailing 12-month EPS of Rs 52.03 per share and 0.94 times its book value. The return on equity (ROE) stood at Rs 8.51.

    Key Financials
    For the quarter ended 31-Dec-2020, Hindustan Petroleum Corporation Ltd. reported consolidated sales of Rs 69571.51 crore, up 2.29 per cent from the same quarter a year ago. The company reported 131.08 per cent YoY growth in net profit at Rs 2373.71 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Friday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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