HPCL shares gain 1.87% as Sensex falls

Shares of Hindustan Petroleum Corporation Ltd. traded 1.87 per cent higher in Friday's session at 10:10AM (IST). The stock opened at Rs 221.2 and has touched an intraday high and low of Rs 226.0 and Rs 219.15, respectively, during the session so far.

The stock quoted a 52-week high of Rs 332.4 and a 52-week low of 200.0. About 43,677 shares changed hands on the counter so far.

Benchmark Nifty50 was down 13.95 points at 18470.15, while the BSE Sensex traded 83.24 points lower at 62189.44 at the time of writing of this report.

In the Nifty pack, 20 stocks traded the day in the green, while 30 were in the red.


Key Financials
For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 108742.66 crore, down 5.31 per cent from the previous quarter's Rs 114835.41 crore and down 23.45 per cent from the year-ago quarter. The company reported net loss of Rs 2475.69 crore for the latest quarter.

Promoter Holdings
Promoters held 54.9 per cent stake in the company as of 30-Sep-2022, while FIIs held 18.21 per cent and MFs 12.28 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 246.21 on November 25, while the 50-DMA was at Rs 215.22. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.