HPCL Shares Decline Amid Broader Market Gains, Highlighting Sector Underperformance

Hindustan Petroleum Corporation Ltd. (HPCL) has experienced a notable decline today, with shares falling by 3.06%. This drop comes as the stock has underperformed its sector by 3.4%, marking a consecutive two-day decline with a total return of -3.16% during this period. The stock reached an intraday high of Rs 402.75, reflecting a 3.02% increase, but also touched a low of Rs 379.
In terms of moving averages, HPCL is currently positioned above its 20-day, 50-day, 100-day, and 200-day moving averages, yet it remains below its 5-day moving average. The company boasts a high dividend yield of 4.22% at the current price, which may be of interest to income-focused investors.

In the broader market context, the Sensex opened positively, trading at 80,412.59, up by 0.15%. While HPCL's one-day performance is -2.92%, it has shown stronger results over longer periods, including a 16.13% increase over the past year and an impressive 314.15% rise over the last decade.