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HPCL shines on inking pact with Force Motors for engine oil

12 Apr 2012 Evaluate

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 284.50, up by 2.75 points or 0.98% from its previous closing of Rs. 281.75 on the BSE.

The scrip opened at Rs. 284.10 and has touched a high and low of Rs. 286.00 and Rs. 282.00 respectively. So far 50,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 419.50 on 27-Jun-2011 and a 52 week low of Rs. 238.75 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs. 294.35 and Rs. 279.10 respectively. The current market cap of the company is Rs. 9,633.00 crore.

The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 36.06% and 12.83% respectively.

Force Motors, Pune-based company has inked pact with Hindustan Petroleum Corporation for supply of engine oil. As per the agreement HPCL will be providing engine oil for the entire range of Force Motors’ automotive aggregates like engine, gearbox and axles.

HPCL is likely to formulate oil as per the Force Motors’ specifications to further enhance the life and reliability of products across its light commercial, multi-utility, agricultural and personal vehicle segments. The HP Force Genuine Oils will be distributed to the dealers of Force Motors and to the market on a national level through HPCL’s strong distributor network.

Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.

HPCL Share Price

384.70 5.50 (1.45%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1353.65
Indian Oil Corp. 147.40
BPCL 318.05
HPCL 384.70
MRPL 180.75
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