Stratzy's Stock Idea: Buy Hindustan Petroleum Corp with Target Rs 525

Stratzy, a financial research firm, issued a buy call on Hindustan Petroleum Corporation (HPCL) on April 12, 2023. The target price for HPCL has been set at Rs 525, representing a potential upside of approximately 7.9% from the current market price of Rs 487.45. This buy call suggests that Stratzy believes HPCL shares have room for further growth in the near term.

About Hindustan Petroleum Corp:

Hindustan Petroleum Corporation Limited (HPCL) is an Indian oil and gas company headquartered in Mumbai. It is a subsidiary of Oil and Natural Gas Corporation (ONGC). HPCL is one of the largest oil companies in India and is also the largest marketing company for petroleum products in the country. It has a strong presence in the upstream and downstream oil businesses. The company has a network of over 15,000 petrol pumps in India and also operates a number of refineries. HPCL's other businesses include exploration and production, petrochemicals, and renewable energy.

52 Week Price Trend:

Hindustan Petroleum Corp (HPCL) has seen significant price fluctuations over the past year. As of today, its CMP (current market price) stands at Rs 487.45, indicating a bullish trend compared to its 52-week low of Rs 212.55. However, the stock remains below its 52-week high of Rs 594.8, suggesting room for further growth. Investors should carefully monitor market conditions and the company's financial performance to determine potential investment opportunities.

Stratzy's MOST Analysis:

HINDPETRO has received a "BB-" rating from Stratzy's MOST framework, a measure of fundamental risks. The MOST framework evaluates Management, Outlook, Safety, and Trend to assign scores. HINDPETRO's "BB-" rating indicates a Medium level of fundamental risks, meaning there are some concerns regarding its management practices, growth prospects, financial stability, and industry trends. Investors should be aware of these potential risks before making investment decisions.

Company's Fundamentals:

Hindustan Petroleum Corp (NSE: HINDPETRO) is an Indian oil and gas company with a Stock PE of 4.54, PB Ratio of 1.71, and a Dividend Yield of 2.77%. The Stock PE indicates the current market value of the company's shares relative to its earnings per share, suggesting that the stock is undervalued compared to its peers. The PB Ratio measures the value of the company's stock relative to its book value, indicating that it is slightly overvalued. The Dividend Yield represents the annual dividend income as a percentage of the current stock price, highlighting a decent income-generating potential for investors.

Fundamental and Technical information provided in this blog were last updated on 12 Apr, 2024

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