Buy HPCL, target price Rs 310: Kunal Bothra

Kunal Bothra of Independent Analyst has buy call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 310.0 . The current market price of Hindustan Petroleum Corporation Ltd. is Rs 295.75 Kunal Bothra recommended to keep stoploss at Rs 292
Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 44815.62 Crore) operating in Gas & Petroleum sector.

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 30-09-2019, the company has reported a Consolidated sales of Rs 60661.77 Crore, down -14.29 % from last quarter Sales of Rs 70776.43 Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 940.87 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.Rakesh Misri, 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 30-09-2019, the company has a total of 1,523,822,625 shares outstanding.