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    Shares of HPCL fall as Nifty drops

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 243.17.

    Agencies
    India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
    Shares of Hindustan Petroleum Corporation Ltd. slipped 0.29 per cent to Rs 257.3 in Wednesday's trade as of 10:41AM (IST). It hit a high of Rs 261.0 and low of Rs 255.4 during the session.

    The stock quoted a 52-week high price of Rs 312.0 and a low of Rs 163.3. The return on equity for the stock stood at 28.0 per cent. About 82,995 shares have changed hands on the counter so far.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.6.

    Did you Know?

    Stock score of Hindustan Petroleum Corp Ltd moved up by 1 in a week on a 10-point scale.

    View Latest Stock Report »

    The scrip has been an underperformer, up 19.62 per cent in the past one year in comparison with a 42.59 per cent gain in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 163.3 on August 11, while the 50-DMA was at Rs 284.9. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

    Promoter/FII Holding
    Promoters held 54.9 per cent stake in Hindustan Petroleum Corporation Ltd. as of 30-Jun-2021. Mutual funds and foreign institutional investors held 11.71 per cent and 17.84 per cent stake.
    (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.)

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