Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 300.25, up by 4.90 points or 1.66% from its previous closing of Rs. 295.35 on the BSE.
The scrip opened at Rs. 295.90 and has touched a high and low of Rs. 301.50 and Rs. 290.10 respectively. So far 38716 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. 311.00 and Rs. 290.10 respectively. The current market cap of the company is Rs. 10175.75 crore.
The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 35.21% and 13.68% respectively.
Hindustan Petroleum Corporation (HPCL) is keen to establish 9 million tonne unit at Barmer district in Rajasthan post ONGC deterring from building a refinery in Rajasthan. Earlier in 2005, ONGC, which owns 30 percent interest in the Barmer oilfields of Cairn India, had committed to building the refinery but later started soft- peddling the project.
HPCL has now entered the fray and has proposed to take 51 percent stake in the project. The company already owns a refinery at Mumbai and Visakhapatnam in Andhra Pradesh and is equal partner in the just commissioned Bhatinda refinery in Punjab.
HPCL’s net profit for the fourth quarter ended March 31, 2012 jumped over four fold to Rs 4630.99 crore as compared to Rs 1122.66 crore for the quarter ended March 31, 2011. The total income has increased by 31.66% to Rs 52772.56 crore for the quarter under review from Rs 40083.29 crore for the corresponding quarter of the previous year.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1451.10 |
| Indian Oil Corp. | 143.00 |
| BPCL | 303.80 |
| HPCL | 374.45 |
| MRPL | 160.65 |
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