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HPCL spurts after robust Q3 results

Capital Market / 10:12 , Feb 10, 2012

HPCL jumped 7.20% at Rs 308.20 at 10:10 IST on BSE after net profit surged 1191.37% to Rs 2725.18 crore on 41.34% rise in net sales to Rs 47917.37 crore in Q3 December 2011 over Q3 December 2010.

The result was announced after trading hours on Thursday, 9 February 2012.

Meanwhile, the BSE Sensex was up 2.03 points, or 0.01%, to 17,832.78.

On BSE, 2.30 lakh shares were traded in the counter as against an average daily volume of 83,489 shares in the past one quarter.

The stock hit a high of Rs 315 and a low of Rs 296.40 so far during the day. The stock had hit a 52-week low of Rs 238.75 on 6 January 2012. The stock had hit a 52-week high of Rs 419.50 on 27 January 2011.

The stock had outperformed the market over the past one month until 9 February 2012, gaining 19.15% compared with the Sensex's 12.75% rise. The scrip had, however, underperformed the market in past one quarter, falling 9% as against 2.70% rise in the Sensex.

The large-cap state-run oil marketing company has an equity capital of Rs 338.63 crore. Face value per share is Rs 10.

State-run HPCL has about 20% marketing share in India among other public sector units.

 



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