Buy Hindustan Petroleum Corporation, target price Rs 443: Anand Rathi

Anand Rathi has buy call on Hindustan Petroleum Corporation with a target price of Rs 443. The current market price of Hindustan Petroleum Corporation is Rs 371.8.
Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 52635.24 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-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 96093.37 Crore, down -14.72 % from last quarter Total Income of Rs 112678.64 Crore and down -11.63 % from last year same quarter Total Income of Rs 108742.66 Crore. Company reported net profit after tax of Rs 5128.01 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 30-Sep-2023, while FIIs owned 13.26 per cent, DIIs 22.6 per cent.