Buy HPCL, target Rs 280: Abhijit Pathak

Abhijit Pathak of Definedge Solutions has a buy call on Hindustan Petroleum Corporation Ltd.NSE 1.62 % with a target price of Rs 280. The current market price of Hindustan Petroleum Corporation Ltd. is Rs 262. The time period given by analyst is Intra Day when Hindustan Petroleum Corporation Ltd. price can reach the defined target. Abhijit Pathak recommended to keep stoploss at Rs 258.

Hindustan Petroleum Corporation Ltd., incorporated in 1952, has a market cap of Rs 39924.15 crore.
Hindustan Petroleum Corporation Ltd. key Products/Revenue Segments include Refinery which contributed Rs 294699.81 Crore to Sales Value (99.24 % of Total Sales), Subsidy which contributed Rs 1012.75 Crore to Sales Value (0.34 % of Total Sales), Rent which contributed Rs 834.33 Crore to Sales Value (0.28 % of Total Sales) and Other Operating Revenue which contributed Rs 382.17 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2019.