Buy HPCL, target Rs 280: Abhijit Pathak

Abhijit Pathak of Definedge Solutions has a buy call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 280. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 262. The time period given by analyst is Intra Day when Hindustan Petroleum Corporation Ltd. price can reach the defined target. Abhijit Pathak recommended to keep stoploss at Rs 258.

Hindustan Petroleum Corporation Ltd., incorporated in 1952, has a market cap of Rs 39924.15 crore.
Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery which contributed Rs 294699.81 Crore to Sales Value (99.24 % of Total Sales), Subsidy which contributed Rs 1012.75 Crore to Sales Value (0.34 % of Total Sales), Rent which contributed Rs 834.33 Crore to Sales Value (0.28 % of Total Sales) and Other Operating Revenue which contributed Rs 382.17 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 70776.43 Crore, up 4.52 % from last quarter Sales of Rs 67713.29 Crore and up 5.04 % from last year same quarter Sales of Rs 67377.88 Crore Company has reported net profit after tax of Rs 776.96 Crore in latest quarter. The company’s top management includes Dr.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 30-06-2019, the company has a total of 1,523,822,625 shares outstanding.