HPCL shares down 1.07% as Nifty drops

HPCL shares down 1.07% as Nifty drops
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Synopsis

A total of 332,782 shares changed hands on the counter till 01:03PM (IST).

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
NEW DELHI: Shares of Hindustan Petroleum Corporation Ltd. traded 1.07 per cent down in Wednesday's trade at 01:03PM (IST). Around 332,782 shares changed hands on the counter.

The scrip opened at Rs 296.5 and touched an intraday high and low of Rs 296.5 and Rs 290.65, respectively, in the session so far. Shares of the company of Hindustan Petroleum Corporation Ltd. quoted a 52-week high of Rs 354.55 and a 52-week low of Rs 212.5.

As per BSE, the total market cap of the Hindustan Petroleum Corporation Ltd. stood at Rs 41279.76 crore at the time of writing this report.

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

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

Shareholding pattern
As of 30-Sep-2021, DIIs held 11.37 per cent stake in the company, while foreign institutional investors held 18.29 per cent and the promoters 54.9 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 4.41 and a price-to-book ratio of 0.89. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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