Share price of HPCL jumps as Sensex gains 139.64 points

Share price of HPCL jumps as Sensex gains 139.64 points
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Synopsis

Promoters held 54.9 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 18.29 per cent and 11.37 per cent, respectively.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
The share price of Hindustan Petroleum Corporation Ltd. gained 1.1 per cent to Rs 346.0 at 10:46AM (IST) in Friday's trade. The counter has hit a high of Rs 349.5 and low of Rs 342.05 so far during the session. The stock had closed at Rs 342.25 in the previous session.

The counter has had a total traded volume of 48663 shares so far with a value of Rs 1.68 crore on the NSE. It traded at a price-to-earnings multiple of 5.26 and a price-to-book ratio of 0.89.

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.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 62.1 per cent during the past one year, while the 30-share index advanced 41.01 per cent during the same period.

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 foreign investors and domestic institutional investors ownership stood at 18.29 per cent and 11.37 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.

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

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