Hindustan Petroleum Corporation Ltd (HINDPETRO)

Hindustan Petroleum Corp Ltd Stock Rises Amid Falling Crude Prices - 02 May, 2024

The stock of Hindustan Petroleum Corporation Ltd rose by 3.8% to trade at Rs 514, while shares of OMCs surged up to 7% due to falling crude oil prices amid hopes of a ceasefire agreement in the Middle East.

HPCL Among OMCs Showing Bullish Moves in May - 01 May, 2024

Hindustan Petroleum Corporation Ltd is among the oil-marketing companies showing bullish moves in May, as per JM Financial. Additionally, Indian Oil Corporation, BPCL, and HPCL revise prices of ATF and cooking gas monthly.

Analyst Recommends Buying HPCL Stock - 30 Apr, 2024

Ruchit Jain recommends buying Hindustan Petroleum Corporation Limited (HPCL) as the stock is on the verge of a breakout. Short-term traders can look to buy the stock in the range of ₹505–500 for potential targets of ₹534 and ₹550.

Singapore GRM Decline to Impact IOCL, BPCL and HPCL - 26 Apr, 2024

The decline in Singapore gross refining margins (GRM) below $4 per barrel is expected to impact Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). This comes as a double whammy for the companies amid elevated crude oil prices.

OMC Shares Gain as Crude Prices Rise - 23 Apr, 2024

Shares of oil marketing companies, including Hindustan Petroleum Corp and Bharat Petroleum Corporation, rose over 2.5% and 3%, respectively, on Monday amid reports that a $1 increase in crude prices could dent their margins by 30-40 paise per litre. HPCL shares have gained over 23% since the beginning of the year while BPCL and IOC shares have risen over 31% during the period.

HPCL Plans Global Oil Trading Desk, Shares Surge - 22 Apr, 2024

Hindustan Petroleum Corporation Ltd (HPCL) is planning to set up a global oil trading desk to secure better prices and quality of crude oil in real-time, potentially reducing import costs. The stock surged by 4.7% after the announcement, gaining more than 100% in the past year. HPCL's establishment of the desk coincides with its Visakh Refinery Modernisation Project (VRMP), which aims to upgrade and expand the refinery's capacity.

HPCL Shares Fall as Crude Oil Prices Rise - 19 Apr, 2024

Hindustan Petroleum Corporation Ltd (HPCL) shares fell over 3% due to rising Brent crude oil prices amid escalating tensions between Iran and Israel. OMCs tend to suffer when crude oil prices rise as their input costs increase, and they cannot pass on the higher cost to consumers due to government measures.

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.