HPCL share price up 1.97 per cent

HPCL share price up 1.97 per cent
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Synopsis

A total of 154,977 shares changed hands on the counter till 12:58PM (IST).

Analysts see 15,900 to continue to pose as the immediate resistance.
Shares of Hindustan Petroleum Corporation Ltd. traded 1.97 per cent up at Rs 292.5 at around 12:58PM (IST) on Wednesday. The stock had closed at Rs 286.85 in the previous session. Equity benchmark Sensex traded 521.42 points higher at 58330.0 around the same time.


The scrip has climbed 29.45 per cent in the last one year till date, while the 30-share index has gained 26.03 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 221.0.

Trading volume on the counter stood at 154,977 shares, while it quoted a price-to-earnings ratio of 4.99, an EPS value of 58.77 and a price-to-book value of 0.89. In the Nifty50 pack, 40 stocks traded in the green, while 10 stocks were in the red.

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

Key Financials
For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 97146.5 crore, up 10.29 per cent from the previous quarter's Rs 88085.42 crore and up 39.64 per cent from the year-ago quarter's Rs 69571.51 crore. The company reported net profit of Rs 1352.99 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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