Buy Hindustan Petroleum Corporation, target price Rs 340: Emkay Global

Emkay Global has buy call on Hindustan Petroleum Corporation with a target price of Rs 340. The current market price of Hindustan Petroleum Corporation is Rs 293.75.

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 41705.32 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 30-09-2021, the company reported a Consolidated Total Income of Rs 88085.42 Crore, up 20.93 % from last quarter Total Income of Rs 72838.01 Crore and up 67.43 % from last year same quarter Total Income of Rs 52610.63 Crore. Company reported net profit after tax of Rs 1901.18 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 30-Sep-2021, while FIIs owned 18.29 per cent, DIIs 15.93 per cent.