BSE Code: | NSE Code: | ISIN: | Sector:

NSE
459.10
Change Change %
-1.25 -0.27%

Updated:23 Oct, 2017, 15:59 PM IST

BSE
460.50
Change Change %
-0.15 -0.03%

Updated:23 Oct, 2017, 15:53 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
07-08-2017 Hold 460.35 440.00
N/A
Target Hit Long (1Y)
07-08-2018

Edelweiss maintains hold on Hindustan Pertoleum

Hindustan Petroleum Corporation (HPCL) reported strong core GRM of USD8.8/bbl (up 148% YoY, 38% ahead). While core refining EBITDA (adjusted for USD3/bbl inventory loss) surpassed estimate 51% (up 233% YoY), core marketing EBITDA came 13% below (up 22% YoY). Overall core EBITDA came in strong at INR31bn (up 75% YoY, 13% ahead). We expect HPCL's earnings growth to lag IOCL's due to absence of near-term refining expansion. Maintain 'HOLD' with revised TP of INR440 (INR428 earlier). HPCL offers an attractive dividend yield of 4%.

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