Share price of Hindustan Petroleum Corporation Ltd. dropped 1.24 per cent to Rs 341.25 at 11:32AM (IST) in Thursday’s trade. The counter hit a high of Rs 347.85 and low of Rs 340.0 so far during the session. The stock had closed at Rs 345.55 in the previous session.
The counter had a total traded volume of 11:32AM shares so far with a turnover of Rs 2.61 crore on BSE. The stock traded at a price-to-earnings multiple of 5.17 and a price-to-book ratio of 0.89.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
