Buy Hindustan Petroleum Corporation, target price Rs 295: Emkay Global

Emkay Global Financial Services has buy call on Hindustan Petroleum Corporation with a target price of Rs 295.
The current market price of Hindustan Petroleum Corporation Ltd. is Rs 220.8. Time period given by analyst is one year when Hindustan Petroleum Corporation Ltd. price can reach defined target.

Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 31406.66 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-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 98818.10 Crore, up 1.72 % from last quarter Total Income of Rs 97146.50 Crore and up 31.07 % from last year same quarter Total Income of Rs 75394.63 Crore. Company reported net profit after tax of Rs 1456.57 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 31-Mar-2022, while FIIs owned 19.9 per cent, DIIs 15.09 per cent.