Share price of Hindustan Petroleum Corporation Ltd. jumps as Sensex gains 350.87 points
The share price of Hindustan Petroleum Corporation Ltd. gained 1.15 per cent to Rs 215.9 at 12:25PM (IST) in Monday’s trade. The stock has hit a high of Rs 216.4 and low of Rs 213.8 so far during the session. The stock had closed at Rs 213.45 in the previous session.
The counter has had a total traded volume of 73248 shares so far with a value of Rs 1.57 crore on the NSE. It traded at a price-to-earnings multiple of 5.28 and a price-to-book ratio of 0.94.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
