Sell Hindustan Petroleum Corporation, target Rs 245: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 245. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 253. Time period given by the analyst is Intra Day when Hindustan Petroleum Corporation Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 270. Hindustan Petroleum Corporation Ltd., incorporated in 1952, is a largecap company with a market cap of Rs 38552.71 crore.

Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery which contributed Rs 242462.78 Crore to Sales Value (99.33 % of Total Sales), Subsidy which contributed Rs 763.88 Crore to Sales Value (0.31 % of Total Sales), Rent which contributed Rs 565.02 Crore to Sales Value (0.23 % of Total Sales) and Other Operating Revenue which contributed Rs 293.44 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 71813.85 Crore, up 6.85 % from last quarter Sales of Rs 67206.92 Crore and up 25.48 % from last year same quarter Sales of Rs 57229.81 Crore Company has reported net profit after tax of Rs 247.55 Crore in latest quarter. The company’s top management includes Dr.T N Singh, Mr.Amar Sinha, Mr.G V Krishna, Mr.J Ramaswamy, Mr.Mukesh Kumar Surana, Mr.Pushp Kumar Joshi, Mr.Ram Niwas Jain, Mr.S Jeyakrishnan, Mr.Sandeep Poundrik, Mr.Siraj Hussain, Mr.Subhash Kumar, Mr.Vinod S Shenoy, Mrs.Asifa Khan. Company has R Devendra Kumar & Associates as its auditoRs As on 31-12-2018, the company has a total of 1,523,822,625 shares outstanding.