Insightful Investment: Kotak Securities's Buy Call on Hindustan Petroleum Corp, Target ₹ 530

Kotak Securities has buy call on Hindustan Petroleum Corp with a target price of Rs 530. The current market price of Hindustan Petroleum Corp is Rs 516.65

About Hindustan Petroleum Corp:

Hindustan Petroleum Corporation Limited (HPCL) is a public sector oil and natural gas company headquartered in Mumbai, India. It is engaged in the exploration, production, refining, marketing, and transportation of petroleum products. HPCL operates refineries at Mumbai, Visakhapatnam, and Mangaluru, with a combined refining capacity of approximately 25.21 million metric tonnes per year. The company has a network of over 19,000 petrol pumps and 2,700 LPG distributors across India. HPCL also operates aviation fuel stations at over 50 airports in the country.

52 Week Price Trend:

HINDPETRO's current market price (CMP) stands at Rs 516.65, depicting a significant recovery from its 52-week low of Rs 212.55. While it has not quite reached its 52-week high of Rs 594.8, the stock's upward trend suggests positive investor sentiment and potential for further growth.

Stratzy's Analysis:

HINDPETRO has been rated BB- by Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on an assessment of the company's management, outlook, safety, and trend. The MOST framework considers factors such as the company's financial performance, leadership, industry dynamics, and risk management practices.

Company's Fundamentals:

Hindustan Petroleum Corp (NSE:HINDPETRO) is currently trading at a Stock PE of 4.54, indicating that investors are paying 4.54 times the company's annual earnings to acquire a share. The PB Ratio of 1.71 suggests that the market value of HINDPETRO is 1.71 times the value of its net assets. Furthermore, the Dividend Yield of 2.77% represents the annual dividend paid by the company as a percentage of the current market price, providing investors with a passive income stream.

Fundamental and Technical information provided in this blog were last updated on 12 Mar, 2024

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