HPCL stock price: HPCL stock price drops 3.8% as Sensex slides

The shares of Hindustan Petroleum Corporation Ltd. fell 3.8% to Rs 273.75 as of 2:10 p.m. (IST) on Thursday. Earlier in the day, the stock saw a gap in early trading.

According to available BSE data, the total amount traded over the counter stood at 389,161 shares with a turnover of Rs 10.78 crore as of 2:10 p.m. (IST). The stock traded at a price-to-earnings (P/E) multiple of 4.66, while the price-to-book ratio stood at 0.89.

Return on equity (ROE) was 28.0%, according to data from the exchange. The stock hit an intraday high of Rs 283.0 and a low of Rs 272.85 during the session and quoted a 52-week high price of Rs 354.55 and a 52-week low of Rs 223, 0.

The stock’s beta, which measures its volatility relative to the broader market, was 1.6.

Technical indicators

The 200-DMA (daily moving average) of the stock stood at Rs 293.7 on March 24, while the 50-DMA was at Rs 293.75. If a stock is trading above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50-DMA and 200-DMA, it is considered to be in a downtrend. If it is trading between 50-DMA and 200-DMA, it suggests that the stock can go either way.

The relative strength index (RSI) of stood at 44.73. The RSI fluctuates between zero and 100. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.

Promoter holder

As of December 31, 2021, promoters held 54.9% of the company’s capital, while foreign institutional investors held 20.19% and domestic institutional investors 15.12%.

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