Sell Hindustan Petroleum Corporation Ltd. at a price target of Rs 234.0 and a stoploss at Rs 248 from entry point. ETMarkets.com|Updated: Aug 20, 2019, 08.55 AM ISTIndependent analyst Kunal Bothra has a sell call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 234. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 244.65. Time period given by the analyst is Intra Day when Hindustan Petroleum Corporation Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 248. Hindustan Petroleum Corporation Ltd., incorporated in 1952, has a market cap of Rs 37280.32 crore.
Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery which contributed Rs 294699.81 Crore to Sales Value (99.24 % of Total Sales), Subsidy which contributed Rs 1012.75 Crore to Sales Value (0.34 % of Total Sales), Rent which contributed Rs 834.33 Crore to Sales Value (0.28 % of Total Sales) and Other Operating Revenue which contributed Rs 382.17 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 70776.43 Crore, up 4.52 % from last quarter Sales of Rs 67713.29 Crore and up 5.04 % from last year same quarter Sales of Rs 67377.88 Crore Company has reported net profit after tax of Rs 776.96 Crore in latest quarter. The company’s top management includes Dr.T N Singh, Mr.Amar Sinha, Mr.G Rajendran Pillai, Mr.G V Krishna, Mr.Mukesh Kumar Surana, Mr.Pushp Kumar Joshi, Mr.Ram Niwas Jain, Mr.Siraj Hussain, Mr.Subhash Kumar, Mr.Sunil Kumar, Mr.Vinod S Shenoy, Mrs.Asifa Khan. Company has R Devendra Kumar & Associates as its auditors. As on 30-06-2019, the company has a total of 1,523,822,625 shares outstanding.
Read this article in :HindiAlso ReadBuy Vedanta, target Rs 178: Kunal BothraBuy Vedanta, target Rs 175: Kunal BothraThere could be more pain left for the indices: Kunal BothraBuy Biocon, target Rs 272 : Kunal BothraBuy DLF, target Rs 200: Kunal BothraCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst’s own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service