Sell HPCL, target Rs 478: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a sell call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 478.0 .The current market price of Hindustan Petroleum Corporation Ltd. is 496.2 Time period given by analyst is Intra Day when Hindustan Petroleum Corporation Ltd. price can reach defined target. Dharmesh Shah maintains stop loss at Rs 525.0 .

Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a largecap company (having a market cap of ₹ 51886.16 crore) operating in Petroleum sector.

Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery which contributed ₹ 195971.25 Cr to Sales Value (98.95 % of Total Sales), Subsidy which contributed ₹ 1773.03 Cr to Sales Value (0.89 % of Total Sales), Other Operating Revenue which contributed ₹ 176.28 Cr to Sales Value (0.08 % of Total Sales) and Rent which contributed ₹ 113.84 Cr to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 48485.57 Cr., up 15.36% from last quarter Sales of ₹ 42030.64 Cr. and up 12.92% from last year same quarter Sales of ₹ 42937.59 Cr. Company has reported net profit after tax of ₹ 1590.31 Cr. in latest quarter. The company’s CEO is Mr.Mukesh Kumar Surana. It's Board of Directors include Mr.Mukesh Kumar Surana, Mr.Pushp Kumar Joshi, Mr.Ram Niwas Jain, Mr.S Jeya Krishnan, Mr.Sandeep Poundrik, Mr.Shrikant M Bhosekar, Mr.T N Singh, Mr.Vinod S Shenoy, Mrs.Asifa Khan, Ms.Urvashi Sadhwani, Mr.A B Thosar, Mr.A V Narayana Rao, Mr.D K Pattanaik, Mr.G Chiranjeevi, Mr.N V Choudary, Mr.P P Nadkarni, Mr.R Sudheendranath, Mr.Rajnish Mehta, Mr.Rakesh Misri, Mr.Sandeep, Mr.Shrikant M Bhosekar, Mr.T R Sundararaman, Mr.U Krishna Murty, Mr.V S Agashe, Mr.V S Shenoy, Mr.J Ramaswamy. Company has its registered office at South Central Retail Zone:, 111, Chandralok Complex, First Floor,, Sarojini Devi Road, Secunderabad, 500003, Andhra Pradesh. Company has G M Kapadia & Co as its auditors. As on 31-03-2017, the company has a total of 1,015,881,750 shares outstanding.