Share price of HPCL falls as Sensex drops 464.54 points

Share price of Hindustan Petroleum Corporation Ltd. dropped 1.24 per cent to Rs 341.25 at 11:32AM (IST) in Thursday's trade. The counter hit a high of Rs 347.85 and low of Rs 340.0 so far during the session. The stock had closed at Rs 345.55 in the previous session.

The counter had a total traded volume of 11:32AM shares so far with a turnover of Rs 2.61 crore on BSE. The stock traded at a price-to-earnings multiple of 5.17 and a price-to-book ratio of 0.89.

A higher P/E 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 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-Sep-2021, while FIIs and domestic institutional investors ownership stood at 18.29 per cent and 15.93 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 88085.42 crore for the quarter ended 30-Sep-2021, up 20.93 per cent from the previous quarter's Rs 72838.01 crore and up 67.43 per cent from the year-ago quarter's Rs 52610.63 crore.

Its profit for the latest quarter stood at Rs 1918.89 crore, down 35.52 per cent from the same quarter a year ago.