HPCL spurts after announcing Q4 results

HPCL jumped 9.88% to Rs 931.45 at 15:13 IST on BSE after net profit fell 28.18% to Rs 1552.94 crore on 6.63% decline in total income to Rs 42603.09 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 27 May 2016.

Meanwhile, the S&P BSE Sensex was up 260.34 points or 0.99% at 26,627.02.

On BSE, so far 8.90 lakh shares were traded in the counter as against average daily volume of 86,859 shares in the past one quarter. The stock hit a high of Rs 953.50 and a low of Rs 861 so far during the day. The stock had hit a record high of Rs 991 on 10 August 2015. The stock had hit a 52-week low of Rs 615 on 27 May 2015. The stock had underperformed the market over the past one month till 26 May 2016, sliding 1.02% compared with Sensex's 1.38% rise. The scrip had, however, outperformed the market in past one quarter, surging 28.24% as against Sensex's 13.87% rise.

The large-cap company has equity capital of Rs 338.63 crore. Face value per share is Rs 10.

HPCL's bottom line during the quarter was impacted due to lower other income or non-operational income. Other income declined 59.83% to Rs 407.85 crore in Q4 March 2016 over Q4 March 2015.

The Government of India held 51.11% stake in HPCL as per the shareholding pattern as on 31 March 2016.

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