Share price of HPCL falls as Sensex drops 332.6 points

Share price of HPCL falls as Sensex drops 332.6 points
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 61,329 shares changed hands on the counter till 01:16PM (IST)

Getty Images
Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Share price of Hindustan Petroleum Corporation Ltd. dropped 1.99 per cent to Rs 248.6 at 01:16PM (IST) in Friday's trade. The stock hit a high of Rs 252.9 and low of Rs 246.1 so far during the session. The stock had closed at Rs 253.65 in the previous session.

The counter had a total traded volume of 01:16PM shares so far with a turnover of Rs 1.52 crore on BSE. The stock traded at a price-to-earnings multiple of 3.39 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.

Did you Know?

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

View Latest Stock Report »

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 54.9 per cent stake in the company as of 30-Jun-2021, while FIIs and domestic institutional investors ownership stood at 17.84 per cent and 16.28 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 72838.01 crore for the quarter ended 30-Jun-2021, down 3.39 per cent from the previous quarter's Rs 75394.63 crore and down 90.1 per cent from the year-ago quarter's Rs 38315.41 crore.

Its profit for the latest quarter stood at Rs 2003.9 crore, down 11.04 per cent from the same quarter a year ago.

Read More News on

(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