ICICI Direct's research report on Hindustan Petroleum Corporation
Hindustan Petroleum Corporation (HPCL) is one of India’s largest public sector refining & marketing companies. The company operates more than 19000 retail outlets • Petrol & diesel together historically contributed more than 60% of total sales.
Outlook
We retain our HOLD rating on the stock. We value HPCL at Rs 220 i.e. average of P/BV multiple: Rs 195/share and P/E multiple: Rs 245/share.
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