Share price of HPCL falls as Sensex gains 282.42 points

Share price of HPCL falls as Sensex gains 282.42 points
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Synopsis

A total of 17,452 shares changed hands on the counter till 11:21AM (IST)

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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 0.24 per cent to Rs 296.1 at 11:21AM (IST) in Tuesday's trade. The stock hit a high of Rs 300.8 and low of Rs 295.85 so far during the session. The stock had closed at Rs 296.8 in the previous session.

The counter had a total traded volume of 11:21AM shares so far with a turnover of Rs 0.52 crore on BSE. The stock traded at a price-to-earnings multiple of 4.49 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 company 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.

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