Buy HPCL, target price Rs 333: Kunal Bothra

Kunal Bothra has buy call on Hindustan Petroleum Corporation with a target price of Rs 333. The current market price of Hindustan Petroleum Corporation is Rs 316.4. Kunal Bothra recommended to keep a stop loss at Rs 311.

Hindustan Petroleum Corporation, incorporated in the year 1952, is a large cap company (having a market cap of Rs 47,832.79 crore) operating in the gas & petroleum sector.

Hindustan Petroleum Corporation key products/revenue segments include refinery which contributed Rs 2,94,699.81 crore to sales value (99.24 per cent of total sales), subsidy which contributed Rs 1,012.75 crore to sales value (0.34 per cent of total sales), rent which contributed Rs 834.33 crore to sales value (0.28 per cent of total sales) and other operating revenue which contributed Rs 382.17 crore to sales value (0.12 per cent of total sales) for the year ending 31 March, 2019.


For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 70,776.43 crore, up 4.52 per cent from last quarter sales of Rs 67,713.29 crore and up 5.04 per cent from last year same quarter sales of Rs 67,377.88 crore. The company has reported a net profit after tax of Rs 776.96 crore in latest quarter. The company’s top management includes T N Singh, Mr.Amar Sinha, Mr.G Rajendran Pillai, Mr.G V Krishna, Mr.Mukesh Kumar Surana, Mr.Pushp Kumar Joshi, Mr.R Kesavan, Mr.Ram Niwas Jain, Mr.Siraj Hussain, Mr.Subhash Kumar, Mr.Sunil Kumar, Mr.Vinod S Shenoy, Mrs.Asifa Khan. Company has R Devendra Kumar & Associates as its auditoRs As on 30-09-2019, the company has a total of 1,523,822,625 shares outstanding.