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Hindustan Petroleum Corporation (HPCL) is trading higher on Friday as international crude oil prices continued their downfall on Thursday.
The scrip is currently trading at Rs 291.00, up by 3.70 points or 1.29% from its previous closing of Rs 287.30 on the BSE.
The scrip opened at Rs 287.25 and has touched a high and low of Rs 294.70 and Rs 286.05 respectively. So far 31781 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 425.00 on 15-Dec-2010 and a 52 week low of Rs 272.25 on 30-Nov-2011.
Last one week high and low of the scrip stood at Rs 296.50 and Rs 283.75 respectively. The current market cap of the company is Rs 9728.76 crore.
The promoters holding in the company stood at 51.11 % while Institutions and Non-Institutions held 37.85 % and 11.04 % respectively.
Crude prices declined further on Thursday and the Nymex crude suffered the steepest single-day loss since November 17 after European leaders begin a two-day summit meeting; there is growing worry that the crisis in European Union could trigger a global economic slowdown. The prices were already under pressure after the Energy Information Administration on Wednesday reported that US inventories of crude oil, gasoline and heating oil all showed larger-than-expected increases last week.
Meanwhile, Saudi Arabia is pumping oil at the highest rate for decades in a signal to fellow producers and buyers just a week before an OPEC meeting that it intends to meet customer demand with more output if necessary.
Benchmark crude for January delivery settled lower by 2.1% or $2.15, at $98.34 a barrel on the New York Mercantile Exchange. In London, Brent crude oil for January settled lower by $1.42 or 1.3% at $108.11 a barrel on the ICE.
| Company Name | CMP |
|---|---|
| Reliance Industries | 2939.45 |
| Indian Oil Corp. | 164.10 |
| BPCL | 600.10 |
| HPCL | 523.55 |
| MRPL | 205.45 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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