Buy Hindustan Petroleum Corporation, target price Rs 330: Emkay Global

Emkay Global has buy call on Hindustan Petroleum Corporation with a target price of Rs 330. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 280.7. 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 39513.66 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 31-12-2021, the company reported a Consolidated Total Income of Rs 97146.50 Crore, up 10.29 % from last quarter Total Income of Rs 88085.42 Crore and up 39.64 % from last year same quarter Total Income of Rs 69571.51 Crore. Company reported net profit after tax of Rs 774.76 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of June 30, 2021, while FIIs held 17.8 per cent, DIIs 16.3 per cent and public and others 11 per cent.