Hindustan Oil Exploration Company Hits New 52-Week Low at Rs. 139.8

Hindustan Oil Exploration Company has reached a new 52-week low, hitting Rs. 139.8 today, marking a significant decline in its stock performance. This drop comes as the company has underperformed its sector by 1.41%, continuing a downward trend with a loss of 6.23% over the past four days. The stock also recorded an intraday low of Rs. 139.8, reflecting a decrease of 2.82% during the trading session.
In terms of moving averages, Hindustan Oil Exploration Company is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. Over the past year, the stock has generated a return of -24.38%, contrasting sharply with the Sensex's performance of 9.16%.

The company's financial metrics reveal a decline in net sales, which fell by 25.3% compared to the previous four-quarter average, alongside a significant drop in profit before tax and net profit. Despite its small-cap status, the company has not attracted domestic mutual fund investment, which may reflect concerns regarding its valuation and business outlook.