Stock of Interest

Posted On: August 31, 2023

Stock Report: HINDPETRO(NSE) 30 Aug 2023

Hindustan Petroleum Corp Ltd. (HPCL) is an Indian government enterprise that refines crude oil and manufactures petroleum-based products. The company operates a diverse group of refineries that process several grades of lubes, specialties, and greases along with a variety of petroleum products. HPCL also controls an extensive network of pipelines in India that transport a variety of hydrocarbon-based products. In tandem with its host of pipelines, marketing and distribution efforts are carried out through a group of terminals, service stations, bottling plants, marketing offices, and other facilities. Hindustan’s products are primarily sold throughout India. The business is divided into downstream and other operations, with downstream activities generating the most revenue.

#xCalData predicts that # HINDPETRO will continue its bearish phase over the next five days and trend within the range of 251 to 265. 

In comparison to the previous month, the price of the stock has experienced a decline of 7.77% indicating a bearish.

The Stock has doubled once since 02 Jan 2015 and took an average of 1.6 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past.

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days.

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