Hindustan Petroleum Sees Surge in Trading Activity Amid Price Fluctuations

Hindustan Petroleum Corporation Ltd. (HINDPETRO) has emerged as one of the most active equities by volume today, with a total traded volume of 7,872,084 shares and a total traded value of approximately Rs 299.08 crores. The stock opened at Rs 376.00, reflecting a significant opening gap down of 4.22%. Throughout the trading session, HINDPETRO reached a day high of Rs 385.10 and a day low of Rs 370.15, marking a decline of 5.71% at its lowest point.
In terms of performance, Hindustan Petroleum has underperformed its sector by 1.81%, with a 1-day return of -2.94%. This follows a consecutive fall over the last two days, resulting in an overall decline of 8.32% during this period. Notably, the stock's current price is above the 100-day moving average but below the 5-day, 20-day, 50-day, and 200-day moving averages.

Investor participation has seen a notable increase, with a delivery volume of 61.16 lakhs on June 12, reflecting a rise of 329.72% compared to the 5-day average. Additionally, Hindustan Petroleum boasts a high dividend yield of 4.21% at the current price. With a market capitalization of Rs 81,070.04 crores, the stock remains liquid enough for trades sized at Rs 4.35 crores, indicating a robust trading environment despite recent price fluctuations. Overall, Hindustan Petroleum's performance today highlights significant activity and investor engagement within the oil industry.