Hindustan Petroleum Corporation Ltd. Hits Intraday High with 5.36% Surge

Intraday Trading Highlights

HPCL’s stock price advanced sharply during the trading session, closing with a day change of 5.36%. The intraday high of Rs 453.9 was achieved on the back of sustained buying interest, pushing the stock well above its 5-day, 20-day, 100-day, and 200-day moving averages. However, it remained slightly below the 50-day moving average, indicating some resistance at that level. The stock’s performance today notably outpaced the Oil Exploration and Refineries sector, which gained 2.62% on the same day.

Over the last two consecutive trading days, HPCL has recorded a cumulative gain of 6.26%, underscoring a short-term upward trend. Today’s 5.36% rise also outperformed the Sensex, which closed up 1.15% after recovering from an initial negative opening. HPCL’s one-day return of 4.97% significantly exceeded the Sensex’s 1.12% gain, highlighting the stock’s relative strength in the current market environment.

Market Context and Sector Performance

The broader market witnessed a sharp rebound after a weak start, with the Sensex recovering 1,098.27 points from an early decline of 167.26 points to close at 81,653.95. Mega-cap stocks led the rally, contributing to the overall positive momentum. Despite the Sensex trading below its 50-day moving average, the 50DMA remains above the 200DMA, suggesting a cautiously optimistic medium-term outlook for the index.

Within this environment, the oil sector showed resilience, with the Oil Exploration and Refineries segment gaining 2.62%. HPCL’s outperformance relative to its sector peers indicates focused buying interest and a strong intraday trading pattern.

Technical and Valuation Metrics

HPCL’s current trading price reflects a high dividend yield of 3.59%, which remains attractive relative to many peers in the oil sector. The stock’s positioning above multiple short- and long-term moving averages, except the 50-day average, suggests a generally bullish technical setup with some near-term resistance to monitor.

The company’s Mojo Score stands at 74.0, with a recent upgrade in its Mojo Grade from Hold to Buy on 27 Jan 2026. This upgrade reflects improved market perception and enhanced quality metrics. The Market Cap Grade is rated 2, indicating a mid-tier market capitalisation within its sector.

HPCL’s performance over various time frames presents a mixed but generally positive picture. The stock has delivered a 31.39% return over the past year, significantly outperforming the Sensex’s 5.32% gain. Over three and five years, HPCL has recorded exceptional returns of 198.42% and 208.96% respectively, well above the Sensex’s corresponding 36.21% and 63.93%. Even over a decade, the stock has appreciated by 294.32%, outpacing the Sensex’s 232.66% growth.

Short-Term and Medium-Term Performance Comparison

While the stock has shown strong gains in the short term, it has experienced some volatility over the past month and quarter. The one-month return stands at -8.60%, compared to the Sensex’s -4.82%, and the three-month return is -4.81% versus the Sensex’s -2.75%. Year-to-date, HPCL is down 9.20%, slightly underperforming the Sensex’s 4.21% decline. These figures highlight some recent market pressures but do not detract from the stock’s strong intraday and recent two-day gains.

Summary of Trading Action and Market Position

HPCL’s strong intraday surge to Rs 453.9 and a day gain of 5.36% underscore the stock’s current positive momentum within the oil sector. The stock’s ability to outperform both its sector and the broader Sensex index highlights its relative strength amid a recovering market environment. The recent upgrade in Mojo Grade to Buy further supports the improved market standing of the company.

Investors and market participants will likely continue to monitor HPCL’s price action around the 50-day moving average, which currently acts as a technical resistance level. The stock’s attractive dividend yield and solid long-term performance metrics add to its appeal within the oil sector landscape.

Broader Market and Sector Dynamics

The overall market’s recovery from an early negative opening to a 1.15% gain in the Sensex was led by mega-cap stocks, providing a supportive backdrop for HPCL’s rally. The oil sector’s 2.62% gain today reflects improving sentiment towards energy stocks, with HPCL’s outperformance signalling focused buying interest in the company’s shares.

Conclusion

Hindustan Petroleum Corporation Ltd. demonstrated a strong intraday performance on 2 Feb 2026, hitting a day’s high of Rs 453.9 and closing with a 5.36% gain. The stock’s outperformance relative to its sector and the Sensex, combined with positive technical indicators and a recent Mojo Grade upgrade, mark it as a notable performer in the current trading session. Market participants will watch closely for further developments around key moving averages and sector trends.

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