Hindustan Petroleum Corporation Ltd (HINDPETRO)

Mixed Q4 Results for Hindustan Petroleum Corporation Ltd - 17 May, 2024

Hindustan Petroleum Corporation's Q4 net profit decreased by 11.79% YoY, while analysts remain optimistic about a potential rebound in marketing and refining margins.

Analysts Recommend Buying HPCL as Windfall Tax Reduced - 16 May, 2024

Hindustan Petroleum Corporation Limited (HPCL) gains 0.1% on the National Stock Exchange (NSE) after windfall tax on petroleum crude is reduced. Analysts at ICICI Securities and Motilal Oswal recommend buying HPCL with target prices of INR 635 and Rs. 600 respectively, citing better refining and marketing performance.

Brokerages Maintain Buy Ratings on HPCL Despite Weaker Q4 Results - 14 May, 2024

Despite Hindustan Petroleum Corporation Ltd's weaker-than-expected Q4 results, brokerages YES Securities and Motilal Oswal Financial Services maintain their buy ratings on the stock with target prices of Rs 700 and Rs 600, respectively.

Mixed News for Hindustan Petroleum Corp. Ltd. - 13 May, 2024

Hindustan Petroleum Corporation Limited plans capex of Rs 18,000 crore for FY25 as it advances towards its net-zero goals. However, Prabhudas Lilladher has recommended selling the stock due to weak demand prospects and inability to pass on fuel cost rise. Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and HPCL reported bumper profits totalling about Rs 81,000 crore in FY24.

Oil Companies Report Record Profits in FY24 - 12 May, 2024

Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd have reported a combined standalone net profit of over Rs 81,000 crore in FY24, exceeding their annual earnings in pre-oil crisis years. All three companies posted the highest-ever standalone as well as consolidated net profit in FY24.

Mixed Results for Hindustan Petroleum Corp. - 11 May, 2024

Hindustan Petroleum Corporation declared its Q4 results with a 6.18% increase in revenue but a 24.91% YoY profit decrease. The company also has significant short-term liabilities, which makes the stock risky according to an article discussing the company's debt levels.

HPCL Recommends Bonus Issue and Final Dividend; Shares Rise - 10 May, 2024

Hindustan Petroleum Corporation Limited (HPCL) recommends a bonus issue of 1:2 and a final dividend of Rs. 16.50 per share. The company's Q4 FY24 consolidated net profit falls by 25%, leading to a nearly 3% rise in shares.

HPCL Declares Bonus Issue and Final Dividend After Q4 Results - 09 May, 2024

Hindustan Petroleum Corporation Ltd (HPCL) announced its Q4FY24 results, reporting a 25% decline in net profit due to lower refining margins. The company also declared a 1:2 bonus issue and recommended a final dividend of ₹11.00 per equity share.

HPCL Considers Bonus Issue, Strong Q4 Results Expected - 08 May, 2024

Hindustan Petroleum Corporation Ltd (HPCL) is set to consider its third bonus issue on May 9. Additionally, the company's Q4 results are expected to show a significant increase in profit after tax and revenue from operations.

HPCL Gains Ahead of Bonus Shares Issue Announcement - 07 May, 2024

Hindustan Petroleum Corporation Ltd (HPCL) stock gained nearly 15% in a month and rose by up to 4% after announcing plans for bonus equity shares. The company will hold a board meeting on May 9, 2024, to consider the final dividend recommendation and approve the issue of bonus shares.

HPCL Board Meeting to Consider Bonus Share Issue - 06 May, 2024

Hindustan Petroleum Corporation Limited (HPCL) will hold a board meeting on May 9, 2024, to consider and approve the issue of bonus shares. This will be the third instance that HPCL will be issuing bonus shares to its shareholders.

HPCL Stock Resumes Uptrend - 03 May, 2024

Hindustan Petroleum Corporation Ltd (HPCL) has resumed its primary uptrend after a corrective fall since mid-February. The stock surged by 7.67% on May 2nd, confirming the end of the correction and marking the beginning of a fresh leg of upmove. Technical analysis suggests that HPCL share price can rise to Rs 620 over the next few weeks.

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.