Buy Hindustan Petroleum Corporation, target price Rs 275: JM Financial

JM Financial has buy call on Hindustan Petroleum Corporation with a target price of Rs 275. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 249.8.

Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 35527.54 Crore) operating in Gas & Petroleum sector.

Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 119761.74 Crore, up 10.24 % from last quarter Total Income of Rs 108634.71 Crore and up 4.29 % from last year same quarter Total Income of Rs 114835.41 Crore. Company reported net profit after tax of Rs 6065.78 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 30-Jun-2023, while FIIs owned 13.99 per cent, DIIs 22.32 per cent.