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    Buy HPCL, target price Rs 235: JM Financial

    Synopsis

    Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 26301.18 Crore) operating in Gas & Petroleum sector.

    HPCL
    Promoters held 51.1 per cent stake in the company as of June 30, 2020, while FIIs held 16.1 per cent, DIIs 23.6 per cent and public and others 9.2 per cent.
    JM Financial has given a buy rating to HPCL with a target price of Rs 235. The share price moved down by 1.49 per cent from its previous close of Rs 174.60. The stock’s last traded price is Rs 172.

    Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 26301.18 Crore) operating in Gas & Petroleum sector.

    Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery which contributed Rs 294699.81 Crore to Sales Value (99.24 % of Total Sales), Rent which contributed Rs 834.33 Crore to Sales Value (0.28 % of Total Sales) and Other Operating Revenue which contributed Rs 382.17 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2019.

    Financials
    For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 37558.80 Crore, down 43.06 % from last quarter Sales of Rs 65967.46 Crore and down 46.93 % from last year same quarter Sales of Rs 70776.43 Crore. Company reported net profit after tax of Rs 2810.56 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 51.1 per cent stake in the company as of June 30, 2020, while FIIs held 16.1 per cent, DIIs 23.6 per cent and public and others 9.2 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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