Hindustan Petroleum Corporation Ltd. Stock Sees Decline, But Still Outperforms Market

Hindustan Petroleum Corporation ., a leading player in the oil exploration and refineries industry, has seen a decline in its stock price by -3.53% on October 7th, 2024. This has been reflected in the stock call given by MarketsMOJO, which is 'Hold' for the company.

The stock has underperformed the sector by -2.52% and has been on a consecutive fall for the last 3 days, with a total decline of -11.66% during this period. On the same day, the stock touched an intraday low of Rs 392.1, showing a decrease of -3.65%.

While the stock's performance may not be at its best currently, it is worth noting that it is still higher than its 100-day and 200-day moving averages. However, it is lower than its 5-day, 20-day, and 50-day moving averages. This indicates a mixed trend for the stock in the short term.

Investors may also be interested to know that the current price of the stock offers a high dividend yield of 4.05%. This could be an attractive factor for those looking for regular income from their investments.

In comparison to the overall market performance, Hindustan Petroleum Corporation Ltd. has seen a decline of -3.67% in the last 1 day, while the Sensex has only seen a decrease of -0.45%. Similarly, in the last 1 month, the company's stock has declined by -9.75%, while the Sensex has shown a slight increase of 0.17%.

Overall, while the stock may have seen a decline in its price recently, it is still performing better than the market in the long term. Investors may want to keep an eye on the stock's performance in the coming days to make informed decisions about their investments.