HPCL stock price up 0.01 per cent as Sensex slides

HPCL stock price up 0.01 per cent as Sensex slides
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Synopsis

As of 30-Sep-2021, promoters held 54.9 per cent stake in the company, while FIIs held 18.29 per cent and domestic institutional investors had 11.37 per cent.

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of Hindustan Petroleum Corporation Ltd. rose 0.01 per cent to Rs 345.75 at 01:26PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 107,549 shares with a turnover of Rs 3.71 crore till 01:26PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 5.26, while the price-to-book value ratio stood at 0.89.

Return on equity (ROE) was at 28.0 per cent, according to exchange data. The stock hit an intraday high of Rs 348.5 and a low of Rs 342.15 during the session and quoted a 52-week high price of Rs 348.5 and a 52-week low of Rs 203.85.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 267.13 on November 09, while the 50-DMA was at Rs 299.0. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 66.45. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Sep-2021, promoters held 54.9 per cent stake in the company, while overseas investors held 18.29 per cent and domestic institutional investors had 15.93 per cent.

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