Hindustan Petroleum Corporation (HPCL) is currently trading at Rs 288.60, up by 9.00 points or 3.22% from its previous closing of Rs 279.60 on the BSE.
The scrip opened at Rs 280.00 and has touched a high and low of Rs 289.05 and Rs. 278.90 respectively. So far 38755 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 471.50 on 18-Nov-2010 and a 52 week low of Rs 275.00 on 17-Nov-2011.
Last one week high and low of the scrip stood at Rs 317.90 and Rs 275.00 respectively. The current market cap of the company is Rs 9468.02 crore.
The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 37.85% and 11.04% respectively.
HPCL edged higher in the trade as Crude oil prices decreased overnight by a massive close to four percent.
Crude oil prices nosedived by a massive close to four percent on Thursday as investors chose to take profits off the table after the recent rally in the commodity’s prices amid mounting worries over the Euro-zone debt trouble and the health of the global economy, which is weakening oil demand outlook. The oil prices also got dragged on the back of weak US economic reports which showed that manufacturing growth in US Mid-Atlantic region slowed more than expected in November, a month after registering an unexpected rise in October.
Benchmark crude for December delivery got butchered by $3.77, or 3.67% to settle at $98.82 a barrel, after trading as high as $103.37 and as low as $ 98.28, on the New York Mercantile Exchange. In London, Brent crude for December delivery plummeted $3.66 or 3.27% to $108.22 a barrel, on the ICE Futures exchange.
