Share price of HPCL rises as Nifty strengthens

Share price of HPCL rises as Nifty strengthens
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Synopsis

A total of 19,143 shares changed hands on the counter till 12:07PM (IST).

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
Shares of Hindustan Petroleum Corporation Ltd. gained 0.23 per cent to Rs 320.55 in Monday's trade as of 12:07PM (IST).

The stock hit a high price of Rs 322.5 and low of Rs 319.1 during the session.

The return on equity (ROE) for the stock stood at 28.0 per cent. Traded volume on the counter stood at 12:07PM shares and turnover at Rs 0.61 crore around that time.

The stock of Hindustan Petroleum Corporation Ltd. quoted a 52-week high and 52-week low prices of Rs 354.55 and Rs 212.5, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.6.

Promotor/FII Holding
Promoters held 54.9 per cent stake in the company as of 30-Sep-2021, while foreign investors held 18.29 per cent and domestic institutional investors had 15.93 per cent.

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 previous quarter's Rs 72838.01 crore and up 67.43 per cent from the year-ago quarter's Rs 52610.63 crore.

Net profit after tax 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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