Time period given by analyst is Intra Day when Hindustan Petroleum Corporation Ltd. price can reach defined target.
Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 38889.50 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 72838.01 Crore, down -3.39 % from last quarter Total Income of Rs 75394.63 Crore and up 90.10 % from last year same quarter Total Income of Rs 38315.41 Crore. Company reported net profit after tax of Rs 1703.67 Crore in latest quarter.
Investment Rationale
The stock has resumed the uptrend after breaking out of a narrow consolidation phase on good volumes and is also on the verge of a breakout from the neckline of an inverted Head & Shoulders pattern. Technical indicator RSI has turned upwards, suggesting strength in the stock.
Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of June 30, 2021, while FIIs held 17.8 per cent, DIIs 16.3 per cent and public and others 11 per cent.
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