Banking and finance

Shares of HPCL fall as Nifty gains

Shares of Hindustan Petroleum Company Ltd. slipped 0.48 per cent to Rs 281.35 in Friday’s commerce as of 01:21PM (IST). It hit a excessive of Rs 285.2 and low of Rs 279.45 through the session.

The inventory quoted a 52-week excessive value of Rs 312.0 and a low of Rs 163.3. The return on fairness for the inventory stood at 28.0 per cent. About 82,996 shares have modified palms on the counter to date.

The inventory’s beta worth, which measures its volatility in relation to the broader market, stood at 1.6.



The scrip has been an underperformer, up 42.93 per cent prior to now one yr as compared with a 52.35 per cent achieve in Sensex.

Technicals

On the technical charts, the 200-day transferring common (DMA) of the inventory stood at Rs 163.3 on September 17, whereas the 50-DMA was at Rs 267.31. If a inventory trades effectively above 50-DMA and 200-DMA, it often means the quick development is upward. Then again, if the inventory trades effectively beneath 50-DMA and 200-DMA each, it’s thought-about a bearish development and if trades between these averages, then it suggests the inventory can go both approach.

Promoter/FII Holding

Promoters held 54.9 per cent stake in Hindustan Petroleum Company Ltd. as of 30-Jun-2021. Mutual funds and international institutional traders held 11.71 per cent and 17.84 per cent stake.


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