Buy Hindustan Petroleum Corporation, target price Rs 600: Motilal Oswal

Motilal Oswal has buy call on Hindustan Petroleum Corporation with a target price of Rs 600.0. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 528.35.

Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 74949.00 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 31-03-2024, the company reported a Consolidated Total Income of Rs 115124.66 Crore, up 2.90 % from last quarter Total Income of Rs 111876.78 Crore and up 5.97 % from last year same quarter Total Income of Rs 108634.71 Crore. Company reported net profit after tax of Rs 2561.94 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.9 per cent stake in the company as of 31-Mar-2024, while FIIs owned 13.79 per cent, DIIs 22.18 per cent.