Hindustan Petroleum Corporation (HPCL) has reached a significant milestone by hitting a new 52-week high of Rs. 484 today, marking a notable achievement in its stock performance. This increase reflects a 3.03% rise during the trading session and comes after a consistent upward trend, with the stock gaining 6.68% over the past three days.
In terms of market performance, HPCL has outperformed its sector by 2.51%, 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 momentum.
Over the past year, HPCL has delivered impressive returns of 26.78%, significantly outperforming the Sensex, which has seen a return of just 6.01%. The company has also demonstrated healthy growth in its financial metrics, with net sales increasing at an annual rate of 13.76% and operating profit rising by 26.26%.
With high institutional holdings at 36.73%, HPCL continues to be recognized among the top 1% of companies rated by MarketsMojo, reflecting its strong fundamentals and consistent performance in the market.