Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 34525.38 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 69571.51 Crore, up 32.24 % from last quarter Total Income of Rs 52610.63 Crore and down -2.29 % from last year same quarter Total Income of Rs 71205.13 Crore. Company reported net profit after tax of Rs 2316.85 Crore in latest quarter.
Investment Rationale
The stock is on the verge of a breakout from a channel pattern neckline placed at 240. A successful breakout on healthy volumes will resume the uptrend. Moreover, RSI has formed a positive reversal, confirming bullishness.
Promoter/FII Holdings
Promoters held 51.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 15.9 per cent, DIIs 20.8 per cent and public and others 11.7 per cent.
