Monday, September 20, 2021
HomeBanking and financeBuy HPCL, target price Rs 286: Yes Securities

Buy HPCL, target price Rs 286: Yes Securities


Yes Securities has purchase name on Hindustan Petroleum Company with a goal value of Rs 286. The present market value of Hindustan Petroleum Company is Rs 274.05.

Time interval given by analyst is Intra Day when Hindustan Petroleum Corporation Ltd. value can attain outlined goal.

Hindustan Petroleum Company Ltd., included within the 12 months 1952, is a Massive Cap firm (having a market cap of Rs 38889.50 Crore) working in Gasoline & Petroleum sector.

Financials
For the quarter ended 30-06-2021, the corporate reported a Consolidated Whole Earnings of Rs 72838.01 Crore, down -3.39 % from final quarter Whole Earnings of Rs 75394.63 Crore and up 90.10 % from final 12 months similar quarter Whole Earnings of Rs 38315.41 Crore. Firm reported web revenue after tax of Rs 1703.67 Crore in newest quarter.

Investment Rationale
The inventory has resumed the uptrend after breaking out of a slim consolidation section on good volumes and can be on the verge of a breakout from the neckline of an inverted Head & Shoulders sample. Technical indicator RSI has turned upwards, suggesting power within the inventory.


Promoter/FII Holdings
Promoters held 54.9 per cent stake within the firm as of June 30, 2021, whereas FIIs held 17.8 per cent, DIIs 16.3 per cent and public and others 11 per cent.

(Disclaimer: Views and proposals given on this part are the analysts’ personal and don’t characterize these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the inventory/s talked about.



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