Hindustan Petroleum Achieves 3.32% Gain, Outperforming Sector Amid Strong Momentum

Dec 24 2024 11:20 AM IST
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Hindustan Petroleum Corporation (HPCL) has seen a revision in its score, reflecting its strong market performance and positive momentum. The stock has been added to MarketsMojo's list, supported by a notable increase in its dividend yield and consistent gains over recent trading sessions, outperforming its sector.
Hindustan Petroleum Corporation (HPCL) has shown notable performance in the stock market, gaining 3.32% on December 24, 2024. This increase has allowed the company to outperform its sector by 2.26%. Over the past two days, HPCL has recorded a total rise of 4.15%, indicating a positive trend in its stock performance.

On this trading day, HPCL reached an intraday high of Rs 417.1, reflecting a 3.26% increase. The stock is currently trading above its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a strong position in the market.

Additionally, HPCL boasts a high dividend yield of 4.08% at its current price, which may appeal to income-focused investors. In comparison to the broader market, HPCL's one-day performance of 3.29% significantly outpaced the Sensex, which saw a modest increase of 0.34%. Over the past month, HPCL has delivered a remarkable return of 15.73%, while the Sensex experienced a slight decline of 0.39%.
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