| Subscribe To Our Free Newsletter |
Reduce HPCL, target price Rs 340: HDFC Securities
HDFC Securities has recommended a reduce call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 340. The current market price is Rs 377.85. Key risks include lower auto-fuel marketing margins, reduced refining margins, and elevated debt levels due to high capital expenditure. Promoters hold 54.9%, FIIs 14.11%, and DIIs 21.56%.
