Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 438.25, up by 4.10 points or 0.94% from its previous closing of Rs. 434.15 on the BSE.
The scrip opened at Rs. 434.20 and has touched a high and low of Rs. 439.50 and Rs. 430.00 respectively. So far 27,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 462.30 on 07-Aug-2017 and a 52 week low of Rs. 253.46 on 23-Aug-2016.
Last one week high and low of the scrip stood at Rs. 443.55 and Rs. 425.15 respectively. The current market cap of the company is Rs. 66,705.00 crore.
The promoters holding in the company stood at 51.11%, while Institutions and Non-Institutions held 26.96% and 21.93% respectively.
HPCL has inked a joint venture agreement (JVA) with the Rajasthan government for the upcoming mega petroleum refinery in Barmer at a cost of Rs 43,129 crore. Under the agreement, HPCL will hold 74% stake in the joint venture, HPCL Rajasthan Refinery, while the state government will hold the rest 26%.
HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.
