Shares of HPCL fall as Nifty gains

Shares of . slipped 4.75 per cent to Rs 238.8 in Monday's trade as of 02:10PM (IST). It hit a high of Rs 245.0 and low of Rs 235.1 during the session.

The stock quoted a 52-week high price of Rs 354.55 and a low of Rs 206.7. The return on equity for the stock stood at 17.61 per cent. About 543,797 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.6.

The scrip has been an underperformer, down 9.9 per cent in the past one year in comparison with a 9.27 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 206.7 on August 08, while the 50-DMA was at Rs 231.24. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 54.9 per cent stake in Hindustan Petroleum Corporation Ltd. as of 30-Jun-2022. Mutual funds and foreign institutional investors held 11.55 per cent and 18.21 per cent stake.