Hindustan Petroleum Corporation Ltd. experiences slight dip in stock price, still outperforms market

Hindustan Petroleum Corporation Ltd. (HPCL) has experienced a slight dip in its stock price, losing -3.09% on October 21, 2024. This underperformance is reflected in the stock's current call of 'Hold' by MarketsMOJO.

The stock has been on a downward trend for the past three days, with a consecutive fall of -3.38% during this period. On October 21, the stock touched an intraday low of Rs 419.05, a decrease of -2.86% from the previous day's closing price.

Despite this recent dip, HPCL is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates that the stock has been performing well in the long term.

Investors may also be interested to know that HPCL currently has a high dividend yield of 3.82% at its current price. This could be an attractive factor for those looking for stable returns.

In comparison to the overall market performance, HPCL has underperformed the Sensex by -3.18% in the past day and has outperformed by 4.88% in the past month. This shows that while the stock may have experienced a recent dip, it has still been performing well in the long term.

Overall, Hindustan Petroleum Corporation Ltd. remains a strong player in the oil exploration/refineries industry, with a largecap size. Investors may want to keep an eye on the stock's performance in the coming days to make informed decisions about their investments.