Hindustan Petroleum Corporation Ltd Share Price (HINDPETRO)

HPCL Shares Rise as Oil Prices Fall; Marketing Margins Decline - 18 Apr, 2024

Hindustan Petroleum Corporation Ltd (HPCL) shares rose over 2% due to falling oil prices. However, marketing margins have declined by up to 18% since mid-February due to various factors. Motilal Oswal has a buy call on HPCL with a target price of Rs 590.

Analysts Recommend Buying HPCL Stock - 12 Apr, 2024

Anand Rathi and ICICI Securities recommend buying Hindustan Petroleum Corporation Ltd (HPCL) stock, with target prices of Rs 510 and Rs 635 respectively. Strong Q3FY24 results and favourable valuations are cited as reasons for the recommendations. However, ICICI Securities has adjusted its FY25E EPS forecast to account for a potential reduction in retail fuel margins over the next three months due to a recent drop in petrol/diesel prices.

HPCL Stocks Rise Amid Positive Growth Expectations - 11 Apr, 2024

Hindustan Petroleum Corporation Ltd (HPCL) stocks rose by 5.35% amid positive growth expectations for Q4FY24. The company is expected to report a YoY growth of 3.2% in PAT. However, retail pump profits are estimated to suffer a hit of Re 0.35 per litre due to the recent cut in MS/HSD pump prices.

HPCL Stock Rises Amidst Gains for Nifty Oil & Gas Index - 10 Apr, 2024

Hindustan Petroleum Corporation Ltd (HPCL) saw its share price climb over 5% amidst gains for the Nifty Oil & Gas index. Analysts predict that HPCL will lead the Q4 show for the oil and gas sector. However, CLSA warns that rising crude and falling margins could be detrimental for OMCs ahead of the election.

HPCL Shares Dip as Crude Prices Impact Margins - 09 Apr, 2024

Hindustan Petroleum Corporation Ltd (HPCL) shares fell slightly due to the impact of rising crude prices on margins. However, the company was part of the three state-owned oil marketing companies that posted a strong net profit of ₹69,000 crore for Apr-Dec 2023, driven by higher fuel demand.

Rising Oil Prices Affect HPCL Shares; Gujarat LNG Terminal Progresses - 05 Apr, 2024

The volatility in crude prices has led to a decline in the share prices of OMCs such as BPCL, HPCL, and IOCL. Additionally, every $1 increase in crude prices could negatively impact marketing margins by 30-40 paise per litre. However, HPCL's wholly-owned subsidiary is set to commission its liquefied natural gas storage and regasification terminal at Chhara, which will provide connectivity through a 36-km pipeline from Chhara to Pipavav.

HPCL Shares Fall Amid Oil Price Rally and Tax Hike - 04 Apr, 2024

Hindustan Petroleum Corporation Ltd (HPCL) shares fell up to 3% amid a persistent rally in oil prices and the Union government's decision to increase windfall tax on crude petroleum. Kotak Equities retained its sell rating on HPCL, Indian Oil Corporation (IOC), and Bharat Petroleum Corp Ltd (BPCL). The Delhi High Court upheld Aptel's order allowing Reliance Industries to be made party in a case related to designation of a pipeline commissioned by BPCL and HPCL.

BPCL Looks Stronger Than HPCL - 03 Apr, 2024

According to an analyst, BPCL looks stronger than HPCL as it has not fallen much from its life highs and is trading above its short-term moving averages. The support zone for BPCL is at 595-590, while resistance could be seen at 635-640.

Hindustan Petroleum's ROCE Outpaces Industry Average - 02 Apr, 2024

Hindustan Petroleum Corporation Ltd has a higher Return on Capital Employed (ROCE) of 20% compared to the industry average of 15%. The stock has rewarded shareholders with a remarkable 135% return over the last five years.

HPCL Revises Cooking Gas Prices, ATF Rates Cut - 01 Apr, 2024

Hindustan Petroleum Corporation Ltd (HPCL) along with other state-owned fuel retailers revised cooking gas prices based on average international price in the previous month. Additionally, the price of Aviation Turbine Fuel (ATF) was cut in Delhi and Mumbai while the price of 5 kg Free Trade LPG cylinder was also lowered.

Tata Motors' TPEM signs MoU with HPCL to expand EV charging stations - 30 Mar, 2024

Tata Motors' electric division, TPEM, has signed an MoU with Hindustan Petroleum Corporation Ltd. (HPCL) to set up public charging stations across India at HPCL fuel stations. The collaboration aims to improve the EV customer experience and explore the potential of EV adoption. HPCL plans to install 5,000 EV charging stations by December 2024.

HPCL Signs MoU for EV Charging Infrastructure Development - 27 Mar, 2024

Hindustan Petroleum Corporation Ltd (HPCL) has signed an MoU with Tata Passenger Electric Mobility to establish public charging stations across India. Citi and Nomura have maintained buy calls on the HPCL stock.

OMCs Cut Fuel Prices Ahead of Elections, Unlikely to Reduce Further - 26 Mar, 2024

State-run oil marketing companies (OMCs) recently cut fuel prices by Rs 2 per litre ahead of the Lok Sabha elections. However, crude oil prices have climbed to a four-month high, dimming expectations of further price cuts.

CLSA Gives Sell Call on HPCL, BPCL and IOC - 22 Mar, 2024

Brokerage firm CLSA has given a sell call on Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC). The marketing margins for the three companies could turn negative if crude prices go above $80 per barrel. Retail price hikes are unlikely due to the upcoming general elections, resulting in further losses for the companies.

Mixed Views on HPCL Stock Amidst Government Price Cuts - 21 Mar, 2024

HPCL's stock fell after the government cut petrol and diesel prices by Rs 2 per litre. Nomura upgraded HPCL and IOCL to buy, while Macquarie downgraded OMC stocks but raised targets. Kotak Institutional Equities reiterated its Sell stance due to concerns over lack of pricing freedom on key products. It expects up to 36% downside in HPCL.

HPCL Stock Underperforms; Nomura Maintains Buy Call - 20 Mar, 2024

Hindustan Petroleum Corporation Ltd's stock has underperformed the Sensex by 23% over the past month. However, Nomura maintains a buy call with a target price of Rs 570. The company is also developing the Chhara terminal in Gujarat state.