Hindustan Petroleum Corporation Ltd. hits all-time high with strong market performance

Hindustan Petroleum Corporation Ltd. (HPCL) has reached an all-time high price on August 30, 2024, with its stock hitting Rs.421.5. This largecap company in the oil exploration/refineries industry has been performing well in the market, with its stock gaining for the last 3 days and rising by 3.8% in that period. The stock has also been trading in a narrow range of Rs.2.9 and has shown high volatility with an intraday volatility of 29.05%.

According to MarketsMOJO, a leading stock market analysis platform, the current stock call for HPCL is 'Hold'. The company's stock is also trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the market.

In terms of dividend yield, HPCL is offering a high yield of 3.97% at its current price. This is a positive sign for investors looking for stable returns from their investments. In comparison to the Sensex performance of 26.63%, HPCL has outperformed with a 1-year performance of 148.40%.

Overall, Hindustan Petroleum Corporation Ltd. has been showing strong performance in the market, with its stock reaching an all-time high and consistently gaining in the past few days. With a positive outlook and high dividend yield, the company is a promising investment option for investors.