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HPCL surges on reporting 30% growth in Q1 net profit

24 Aug 2016 Evaluate

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 1163.00, up by 13.05 points or 1.13% from its previous closing of Rs. 1149.95 on the BSE.

The scrip opened at Rs. 1160.00 and has touched a high and low of Rs. 1167.35 and Rs. 1144.60 respectively. So far 117418 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1328.95 on 09-Aug-2016 and a 52 week low of Rs. 636.00 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1251.20 and Rs. 1141.20 respectively. The current market cap of the company is Rs. 39229.97 crore.

The promoters holding in the company stood at 51.11%, while institutions and non-institutions held 33.89% and 15.00% respectively.

Hindustan Petroleum Corporation (HPCL) has reported results for the first quarter ended June 30, 2016.

The company has registered 30% jump in its net profit at Rs 2098.38 crore for the quarter as compared to Rs 1614.13 crore for the same quarter in the previous year. However, total income of the company decreased by 5.67% at Rs 51936.30 crore for quarter under review, as compared to Rs 55059.38 crore for the quarter ended June 30, 2015.

HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. It owns & operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai of 6.5 MMTPA capacity and the other in Visakhapatnam, with a capacity of 8.3 MMTPA.

Peers
Company Name CMP
Reliance Industries 1208.10
Indian Oil Corpn. 133.70
Bharat PetroleumCorp 303.40
HPCL 345.70
MRPL 170.50
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