We remain positive on company's performance in coming quarters on the back of rising oil prices trend, continued expansion in sales volume and new customer portfolio by expanding market share with entry into new electrical markets. Hence, we reiterate our BUY rating on the stock with a revised target price of Rs. 405 based on SOTP valuation. Topline grows but performance impacted by higher operating costs HPCL posted 60.4% YoY growth in Q2FY22 standalone revenue to Rs. 83,064cr, aided by higher volumes, increase in fuel prices and low excise duty this quarter (-5.2% YoY...