Hindustan Petroleum Corporation rises on partnering with Honda Motor
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 241.30, up by 1.20 points or 0.50% from its previous closing of Rs. 240.10 on the BSE.
The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 242.35 and Rs. 240.60 respectively. So far 33745 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 354.55 on 15-Nov-2021 and a 52 week low of Rs. 206.70 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 251.40 and Rs. 235.10 respectively. The current market cap of the company is Rs. 34222.48 crore.
The promoters holding in the company stood at 54.90%, while Institutions and Non-Institutions held 34.62% and 10.47% respectively.
Hindustan Petroleum Corporation (HPCL) has partnered with Honda Motor to set up battery swapping stations for electric vehicles at the state-owned oil firm's petrol pumps. HPCL and Honda Power Pack Energy India, a subsidiary of Honda Motor (Honda), launched their first 'e: swap' station at HPCL's petrol pump in Bengaluru on August 6.
With the fast adoption of environment-friendly EVs that run batteries charged by electricity, infrastructure to either charge such vehicles or provide facilities to replace discharged batteries with fully charged ones is being set up across the country.
Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.
