Hindustan Petroleum Corporation (HPCL) has reached a significant milestone by hitting a new 52-week high of Rs. 457.9 today, marking a notable achievement in its stock performance. This increase reflects a 2.67% rise during the trading session, contributing to a consecutive gain over the past two days, where the stock has appreciated by 5.21%.
In terms of market performance, HPCL has outperformed its sector by 1.58%, showcasing its strong position within the oil industry. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.
Over the past year, HPCL has delivered a return of 11.71%, significantly outpacing the Sensex, which has only seen a 0.12% increase during the same period. The company’s financial health is underscored by impressive metrics, including a net sales growth rate of 12.82% and an operating profit growth of 26.09%. With high institutional holdings at 36.72%, HPCL continues to demonstrate strong fundamentals and market resilience.