Item: Hindustan Petroleum Corporation Ltd.
Rating: 3
Author: ICICI Securities Limited

Hindustan Petroleum Corp

Hold: Hindustan Petroleum Corpor...

Recommendation Target

ICICI Securities Limited

A sharp reduction in oil demand owing to Covid-19 outbreak resulted in a significant drop in crude oil prices. As a result, average Brent crude oil prices declined by US$12/bbl QoQ to US$50.6/bbl with closing Brent price at US$21.5/bbl. On account of the same, the company reported marketing inventory loss of | 1529 crore. However, core marketing margins were relatively steady during the quarter. Marketing sales de-grew 7.8% YoY to 9.3 MMT mainly due to a decline in diesel sales. Going forward, we expect marketing sales volumes at 37.4 MMT & 42.2 MMT in FY21E and FY22E,...

Comment

Name	Companies Held
Hitesh Ramji Javeri	50
Mahendra Girdharilal	50
Sangeetha S	50
Dheeraj Kumar Lohia	45
Globe Capital Market Ltd	42

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Hdfc Trustee Company Limited	112
Reliance Capital Trustee C...	103
Birla Sun Life Trustee Com...	72
General Insurance Corporat...	60
President Of India	56

Name	Returns(%)
Name	Week	Month	Year
Quant Active Fund - Reg - G	-0.25%	0.77%	15.31%
UTI - Equity Fund. - Reg - G	-0.90%	3.94%	11.15%
HDFC Multi-Asset Fund - Reg - G	-2.17%	0.82%	8.52%
Edelweiss Equity Savings Fund - Reg - G	-0.45%	0.85%	6.74%
IDFC Focused Equity Fund - Reg - G	-2.12%	1.69%	6.64%

Name	Returns(%)
Name	Week	Month	Year
DHFL Pramerica Midcap Opportunities Fund - Reg - G	-2.21%	0.27%	27.98%
DSP Small Cap Fund - Reg - G	-0.70%	1.23%	17.54%
Union Small Cap Fund - Reg - G	-1.80%	-0.25%	15.20%
Kotak Small Cap Fund - Reg - G	-0.55%	1.63%	14.06%
UTI - Mid Cap Fund - Reg - G	-0.56%	0.41%	13.19%

Name	Returns(%)
Name	Week	Month	Year
Parag Parikh Long Term Equity Fund - Reg - G	-2.14%	-1.08%	18.67%
DHFL Pramerica Diversified Equity Fund - Reg - G	-1.63%	2.41%	13.69%
Quant Mid Cap Fund - Reg - G	0.05%	0.19%	13.41%
Taurus Ethical Fund - Reg - G	-1.10%	0.85%	12.17%
Baroda Mid-cap Fund - Reg - G	-0.71%	0.41%	12.16%

Hindustan Petroleum Corporation Ltd.

Hindustan Petroleum Corp

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