HPCL Share Ought to Gain a Tad, Though Negative ways Loomed the Market – Investing.com India

HPCL Share Ought to Gain a Tad, Though Negative ways Loomed the Market – Investing.com India

BUY:  HINDUSTAN PETROLEUM CORPORATION                 
CMP-275           ENTER ABOVE-280        TARGET- 300      STOP LOSS- 269
 
Hindustan Petroleum Corporation Ltd (NS:) (HPCL) is one of the significant players in oil and gas in India which involves the exploration, production, and processing of petrol, diesel, kerosene, LPG and other petroleum products. HPCL has an 18% market share in India and has a strong position in the refining and marketing of petroleum products in India.

In addition, the company owns a large national lubricant refinery in Mumbai and produces basic lubricants with a capacity of 28 TMTPA. It owns and operates refineries with a nominal capacity of 7.5 MMTPA and 8.3 MMTPA respectively in two commercial cities of India. It has the second-largest petroleum product pipeline network in India with a net worth of 3,775 km, presently conducts 19 JV and subsidiary companies which operate across oil and gas chain. Research & Development Centre of HPCL located in Bengaluru provides advanced technical support to the refineries and marketing SBUs for its operational progress. Research center, as a knowledge hub, absorbs new technologies and develops innovative and path-breaking technologies, license technologies.

Recent agreement with Tata power

Of late, Hindustan Petroleum Corporation Limited (HPCL) has