173.75 -2.10 (-1.19%)
NSE Oct 20, 2020 11:44 AM
Volume: 2.0M

Nirmal Bang Institutional
HPCL Standalone PAT came in at Rs7.5bn vs. consensus/NBIE estimates of Rs12.4/ Rs16.5bn. The miss was mainly due to lower Core GRMs, and higher other expenditure vs our estimates. The stock has declined 24.5% in the last three months and offers 4% upside from CMP to our unchanged TP of Rs245. Valuation at 6.4xPE on Sept 21E EPS of Rs38.5 is at 15% discount to 5 year median PE, which has priced in concerns about...
Number of FIIs/FPIs holding stock fell by 35 to 638 in Sep 2020 qtr.
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