Buy Hindustan Petroleum Corporation Ltd., target Rs 1344.0 : Prabhudas Lilladher

Prabhudas Lilladher has Buy call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 1344.0. The current market price of Hindustan Petroleum Corporation Ltd. is 1170.8. Time period given by analyst is year, when Hindustan Petroleum Corporation Ltd. price can reach defined target. Prabhudas Lilladher cited higher marketing and refin ing margins and higher prof its in subsidiaries. It pegged PE at 11.8x FY17 and 11.0x FY18 estimated earnings.