Buy HPCL, target Rs 280: Abhijit Pathak
Buy Hindustan Petroleum Corporation Ltd. at a price target of Rs 280.0 and a stoploss at Rs 258 from entry point.
Hindustan Petroleum Corporation Ltd., incorporated in 1952, has a market cap of Rs 39924.15 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.R Kesavan, 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.