Buy Hindustan Petroleum Corporation, target price Rs 460: Motilal Oswal

Motilal Oswal has buy call on Hindustan Petroleum Corporation with a target price of Rs 460. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 400.85.
Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 56139.05 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 30-06-2024, the company reported a Consolidated Total Income of Rs 114433.54 Crore, down -.60 % from last quarter Total Income of Rs 115124.66 Crore and up 1.56 % from last year same quarter Total Income of Rs 112678.64 Crore. Company reported net profit after tax of Rs 245.86 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 30-Jun-2024, while FIIs owned 13.21 per cent, DIIs 21.37 per cent.