HPCL surges on buzz of setting up global oil trading desk

Hindustan Petroleum Corporation Ltd. | Refineries | Oil & Gas | BSE: 500104 | NSE: HINDPETRO

26 Sep 2016 Evaluate

Hindustan Petroleum Corporation is currently trading at Rs. 429.00, up by 10.75 points or 2.57% from its previous closing of Rs. 418.25 on the BSE.

The scrip opened at Rs. 420.00 and has touched a high and low of Rs. 430.00 and Rs. 413.70 respectively. So far 382590 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 442.54 on 09-Aug-2016 and a 52 week low of Rs. 211.79 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 422.50 and Rs. 399.00 respectively. The current market cap of the company is Rs. 43225.77 crore.

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

HPCL, one of the leading petroleum products retailers in the country, is reportedly planning to set up an international oil trading desk. The desk would either be set up in Singapore or London. With this trading desk, the company will be able enter and exit markets as and when required. It will take care of the company’s hedging and trading activities. At such desks, operations take place through the day, helping traders watch out for arbitration possibilities and support agreements between companies and investors.

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.

HPCL Share Price

387.00 -9.25 (-2.33%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1435.70
Indian Oil Corp.	144.70
BPCL	302.85
HPCL	387.00
MRPL	167.90
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