HPCL gains after block deal

HPCL rose 1.38% to Rs 198 at 14:39 IST on BSE after a block deal of 5.4 lakh shares was executed in the counter at Rs 197.25 per share at 13:32 IST on BSE today, 18 September 2013.

A block deal of 5.4 lakh shares was executed in the HPCL counter at Rs 197.25 per share at 13:32 IST on BSE today, 18 September 2013. The block deal constituted 0.16% equity capital of HPCL.

Meanwhile, the S&P BSE Sensex was up 41.91 points or 0.21% at 19,845.94

On BSE, 7.04 lakh shares were traded in the counter as against an average daily volume of 1.77 lakh shares in the past one quarter.

The stock hit a high of Rs 199.90 and a low of Rs 194.55 so far during the day. The stock had hit a 52-week high of Rs 381.40 on 18 January 2013. The stock had hit a 52-week low of Rs 158.45 on 28 August 2013.

The stock had outperformed the market over the past one month till 17 September 2013, rising 7.72% compared with the Sensex's 6.48% rise. The scrip, however, underperformed the market in past one quarter, sliding 24.83% as against Sensex's 2.47% rise.

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

HPCL reported net loss of Rs 1460.48 crore in Q1 June 2013, lower than net loss of Rs 9248.80 crore in Q1 June 2012. Net sales rose 15.7% to Rs 50990.48 crore in Q1 June 2013 over Q1 June 2012.

The Government of India holds 51.11% stake in HPCL (as per the shareholding pattern as on 30 June 2013).

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