HPCL share price up 1.38 per cent

HPCL share price up 1.38 per cent
ETMarkets.com
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Synopsis

A total of 323,385 shares changed hands on the counter till 12:18PM (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.
Shares of Hindustan Petroleum Corporation Ltd. traded 1.38 per cent up at Rs 307.6 at around 12:18PM (IST) on Tuesday. The stock had closed at Rs 303.4 in the previous session. Equity benchmark Sensex traded 252.5 points lower at 57239.01 around the same time.


The scrip has climbed 39.72 per cent in the last one year till date, while the 30-share index has gained 25.65 per cent during the same period.

The stock's 52-week high price stood at Rs 354.55 and the 52-week low price at Rs 212.5.

Trading volume on the counter stood at 323,385 shares, while it quoted a price-to-earnings ratio of 4.66, an EPS value of 65.96 and a price-to-book value of 0.89. In the Nifty50 pack, 29 stocks traded in the green, while 20 stocks were in the red.

Promoter/FII Holding
Promoters held 54.9 per cent stake in the company as of 31-Dec-2021, while foreign institutional investors and MF ownership stood at 20.19 per cent and 10.75 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2021, the company reported consolidated sales of Rs 88085.42 crore, 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. The company reported net profit of Rs 1918.89 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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