Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 38698.00 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 75394.63 Crore, up 8.37 % from last quarter Total Income of Rs 69571.51 Crore and up 13.10 % from last year same quarter Total Income of Rs 66659.85 Crore. Company reported net profit after tax of Rs 3028.36 Crore in latest quarter.
Investment Rationale
After losing 16 per cent from the June month’s peak, bulls outstripped bears, forming a large bullish candle. Positive action could lift the stock towards Rs 285 zone.
Promoter/FII Holdings
Promoters held 53.5 per cent stake in the company as of March 31, 2021, while FIIs held 16.3 per cent, DIIs 18.9 per cent and public and others 11.3 per cent.
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