ICICI Direct has given Hold recommendation for Hindustan Petroleum Corporation with a target price of Rs. 265 in its research report issued on Aug 09, 2021

ICICI Direct’s research report on Hindustan Petroleum Corporation

Hindustan Petroleum Corporation (HPCL) is one of India’s largest public sector refining & marketing companies.The company operates 18776 retail outlets Petrol & diesel together contribute more than 60% of total sales


We retain our HOLD rating on the stock We value HPCL at Rs 265 i.e. average of P/BV multiple: Rs 311/share and P/E multiple: Rs 218/share


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