231.90 0.65 (0.28%)

54.6% Gain from 52W Low

7.1M Volume

NSEJan 19, 2021 03:31 PM



231.90
0.28%
Geojit BNP Paribas
Net revenue for Q2FY21 declined 14.9% YoY on account of subdued recovery post lockdown relaxations. However, Gross Refinery Margins improved to US$ 5.1/bbl (vs US$ 2.8/bbl in Q2FY20) driven by...
Hindustan Petroleum Corporation Ltd. is trading above all available SMAs
231.90
0.28%
Nirmal Bang Institutional
We maintain Buy on HPCL with our revised target price (TP) of Rs354, using 6.5x PE after marginal increase in our consolidated Sept'22E EPS. HPCL looks the best OMC pick as the management has convinced us that it is functioning more as a board-led company and explained the economics and market rationale for its Rs25bn buyback ofs up to 10mm shares at a price capped at Rs250. This is not difficult for HPCL to finance given its comfortable cashflows and leverage as of Sept'20. On fundamentals, HPCL said that refining is above breakeven and is likely to see higher margins due to capacity closure in the EU. The 55% beat in 2QFY21 PAT was driven by higher marketing inventory and fx gains. Maintain Buy as our Top OMC pick. Risk...
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Hindustan Petroleum Corporation Ltd. is trading above all available SMAs
231.90
0.28%
BOB Capital Markets Ltd.
HPCL's Q2FY21 earnings remained robust at Rs 24.7bn (+2.4x YoY).
Hindustan Petroleum .. has an average target of 291.56 from 10 brokers.
231.90
0.28%
buy
Sharekhan
Q2FY21 PAT at Rs. 2,477 crore (up 2.4x y-o-y) substantially beat street estimates led by large inventory gains of Rs. 1,780 crore and beat in core GRM at $2.7/bbl. However, earnings missed our estimate due to lower marketing margins. HPCL outperformed peers with strong core GRM of $2.7/bbl vs. $1.5/bbl for BPCL and negative $1/bbl for IOCL; refinery utilization of 103% (vs. 79.5%/82% for IOCL/BPCL). Board approved share buyback not exceeding Rs. 2,500 crore at maximum buyback price of Rs. 250/share (34% premium to closing price of Rs. 187 on November 04, 2020) from open market. Buyback and healthy dividend yield of ~8% to support stock prices....
Hindustan Petroleum Corporation Ltd. is trading above all available SMAs
231.90
0.28%
LKP Securities
HPCL has announced a Buy Back scheme for an aggregate amount not exceeding INR 2,500 crores offering at a price not exceeding INR 250 per share. The buyback will in the form of open market transaction through stock exchange mechanism i.e. using the electronic trading facilities of the stock exchanges where the equity shares of the Company are listed. The indicative maximum number of Equity Shares proposed to be bought back at the Maximum...
Hindustan Petroleum Corporation Ltd. is trading above all available SMAs
231.90
0.28%
Prabhudas Lilladhar
Refining margins were weak, in line with global trends: HPCL's refining margins for Q2 came in at US$5.1/bbl (Q1FY21 at US$0.04/bbl) and included inventory gains of US$2.4/bbl. For Q2, refining throughput was higher at...
Hindustan Petroleum Corporation Ltd. is trading above all available SMAs
231.90
0.28%
ICICI Securities Limited
Reported GRMs during the quarter were at zero, lower than our estimate of US$3.8/bbl. Core GRMs were weak at -US$0.9/bbl while inventory loss was at US$0.9/bbl. Benchmark Singapore GRMs are currently at very low levels and marginal recovery was witnessed recently. Improvement in petrol & diesel spreads will be important for stable GRMs. We estimate GRMs at...
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Hindustan Petroleum .. has an average target of 291.56 from 10 brokers.
231.90
0.28%
Nirmal Bang Institutional
NBIE Values your patronage- Vote for The Team in the Asia Money poll 2020. Click Here We maintain Buy on HPCL with a target price (TP) of Rs343, which we have arrived at based on 7x PE on our unchanged consolidated FY22E EPS. The standalone 1QFY21 results were a massive beat vs. our estimates. The adjusted PAT came in at Rs28.2bn vs our estimate of Rs14.8bn and 3.5x the PAT reported in 1QFY20. The beat was due to Gross/EBITDA margins coming in 181bps/352bps above our forecast, driven by robust unit EBITDA margin on marketing volume ~ Rs6351/te, as per our proforma analysis....
Hindustan Petroleum .. has an average target of 291.56 from 10 brokers.
231.90
0.28%
Prabhudas Lilladhar
We maintain our FY21/22 earnings estimates. During Q1FY21, core standalone EBIDTA adjusted for inventory gains was healthy at Rs37.2bn (+71%YoY) despite lower refining margins ($0.04/bbl vs $0.75/bbl in Q1FY20). Weak global demand and high inventory levels to likely keep crude oil prices...
Hindustan Petroleum Corporation Ltd. is trading above all available SMAs
231.90
0.28%
Geojit BNP Paribas
HPCL reported net revenue of Rs. 66,155cr in Q4FY20, a fall of 2.6% YoY due to drop in crude oil prices during the quarter. The crude throughput fell 1.3% YoY to 4.54mmt (+9.1% QoQ) at Mumbai and Visakh refineries. However, pipeline throughput went up 2.0% YoY to 5.72mmt. Domestic sales volumes fell 7.8% YoY to 9.25mmt due to weaker transportation fuel demand and contraction in economic activities amidst COVID-19 lockdown throughout the nation. Oil prices impacted the margins Gross refining margins (GRM) for the quarter contracted to USD -1.23/bbl (vs....
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Hindustan Petroleum Corporation Ltd. has gained 31.87% in the last 3 Months