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...read more...