Hindustan Petroleum Corporation

Hindustan Petroleum Corporation Shares Gained Almost 2%

Hindustan Petroleum Corporation Shares Gained Almost 2% On 16th September 2020:

To begin with, Hindustan Petroleum Corporation Limited shares traded with a 1.82% gain in today’s Intraday trade. Also, until now, the company exchanged 76,227 shares hands on the counter.

Moreover, the company shares started at Rs. 199.50 per equity share on the National Stock Exchange. The stocks reached the Intraday high value of Rs. 199.50 per eq share. Similarly, the Intraday low value of Rs. 193.95 per share.

According to the source, the company reached its 52-week highest value of Rs. 329.25. Also, it reached the 52-week lowest value of Rs. 155.00. As per the records, the total market capitalization stood at Rs. 29,645.97 Cr.

On 30th June 2020, Hindustan Petroleum Corporation Ltd. announced its consolidated sales worth Rs. 37,558.80 Cr. Comparatively, the company sales declined by 43.06% from its last quarter sales of Rs. 65,967.46 Cr. Also, its sales declined by 46.93% of Rs. 70,776.43 Cr in the previous year.

Furthermore, the net profit of Rs. 2,252.65 Cr raised by 156.72% from the same quarter a year ago. By the ending in June 2020, the company promoters held 51.11% of its stake, FIIs held a 16.07% stake and DIIs held a 16.38% stake.

Presently, the bank shares quoted with a price-to-earnings ratio in multiples of 7.39. Similarly, the company’s price-to-book value ratio of 1.42.

Hindustan Petroleum Corporation shares trading with a loss of 2.65 points and reached 195.60 INR with 1.34% down. Previously, the company shares closed at 198.25 INR.

Stock Market Update: 

Stock Market September 16th: On Wednesday, both Sensex and Nifty seem to trade in a bullish trend in the stock market. The Sensex stood traded gain with 39,302.85 levels and Nifty stood traded gain with 11,599.75 levels. The Sensex raised 258.50 points with a 0.66% gain. Besides, Nifty has raised 77.95 points with a 0.68% gain.

On the other hand, the number of confirmed or coronavirus cases in India reached 50,20,359 as of September 16th, and deaths reached 82,091.

In the border market, the S&P BSE Midcap index reported a bullish trend in the stock market today. It raised 31.06 points with a 0.21% gain and reached a 15,045.80 level. The S&P BSE Smallcap index raised 67.33 points with a 0.44% gain and reached a 15,430.90 level. However, the Nifty Bank raised 107.90 points with a 0.48% gain and reached a 22,573.55 level.

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