AgenciesICICI Direct has hold call on with a target price of Rs 260. The current market price of Hindustan Petroleum Corporation is Rs 246.65 Time period given by analyst is year when . price can reach defined target.
Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 34761.53 Crore) operating in Gas & Petroleum sector.
Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 114835.41 Crore, up 16.21 % from last quarter Total Income of Rs 98818.10 Crore and up 57.66 % from last year same quarter Total Income of Rs 72838.01 Crore. Company reported net profit after tax of Rs -10235.31 Crore in latest quarter.
Investment Rationale
Decline in crude oil prices will help improve the marketing profitability of the company in the medium term. Additionally, the brokerage revises estimates following the current product cracks trend
Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 18.21 per cent, DIIs 16.41 per cent.
Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 34761.53 Crore) operating in Gas & Petroleum sector.
Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 114835.41 Crore, up 16.21 % from last quarter Total Income of Rs 98818.10 Crore and up 57.66 % from last year same quarter Total Income of Rs 72838.01 Crore. Company reported net profit after tax of Rs -10235.31 Crore in latest quarter.
Investment Rationale
Decline in crude oil prices will help improve the marketing profitability of the company in the medium term. Additionally, the brokerage revises estimates following the current product cracks trend
Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 18.21 per cent, DIIs 16.41 per cent.
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