Hindustan Petroleum Slips Slightly: HPCL Shares Open Higher but Fall to ₹367.15
Key Highlights:
Mumbai, 9 April 2025:
Hindustan Petroleum Corp Ltd (NSE: HINDPETRO) opened on a strong note at ₹372 on Tuesday, but investor sentiment quickly softened as the stock slipped to ₹367.15 by 10:14 AM IST, marking a minor intraday loss of ₹2.00 or 0.54%.
The previous close stood at ₹369.15, and while the stock initially hit an intraday high of ₹375.00, it later declined to a low of ₹365.15, reflecting volatility in the oil and energy sector amid global cues.
Market Snapshot: HPCL Performance on 9 April
- Open: ₹372.00
- Day High: ₹375.00
- Day Low: ₹365.15
- Current Price (at 10:14 AM): ₹367.15
- Previous Close: ₹369.15
- Market Cap: ₹78,120 Crores
- P/E Ratio: 12.96
- Dividend Yield: 5.72%
- 52-Week High: ₹457.15
- 52-Week Low: ₹287.55
Why the Decline?
The decline in HPCL’s share price could be attributed to:
- Profit booking by investors after Monday’s strong close.
- Crude oil price fluctuations globally.
- Cautious sentiment across PSU stocks amid broader market volatility.
Sector Outlook
Oil and energy stocks have been under mixed pressure, with investors watching closely for any hints from OPEC production guidance and global fuel demand. Hindustan Petroleum, with a steady dividend yield and strong fundamentals, remains a long-term play, though short-term volatility is expected.
Investor Sentiment
Retail traders and institutional investors may consider this a temporary correction, especially with the stock still trading well above its 52-week low of ₹287.55. Analysts expect HPCL to remain range-bound unless crude oil prices significantly impact margins.
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