Share price of HPCL falls as Sensex drops 593.98 points

Share price of HPCL falls as Sensex drops 593.98 points
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Synopsis

A total of 129,625 shares changed hands on the counter till 01:48PM (IST)

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RSI has turned north from the 60 level, confirming bullishness.
Share price of Hindustan Petroleum Corporation Ltd. dropped 4.84 per cent to Rs 287.0 at 01:48PM (IST) in Tuesday's trade. The stock hit a high of Rs 302.0 and low of Rs 286.9 so far during the session. The stock had closed at Rs 301.6 in the previous session.

The counter had a total traded volume of 01:48PM shares so far with a turnover of Rs 3.8 crore on BSE. The stock traded at a price-to-earnings multiple of 4.89 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 31-Mar-2022, while FIIs and domestic institutional investors ownership stood at 19.9 per cent and 15.09 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 97146.5 crore for the quarter ended 31-Dec-2021, 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.

Its profit for the latest quarter stood at Rs 1352.99 crore, down 43.0 per cent from the same quarter a year ago.

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