HPCL Stock Declines by -3.09% on October 22, Still Outperforms Market in Long Term
On October 22, 2024, Hindustan Petroleum Corporation Ltd. (HPCL) saw a -3.09% decline in its stock price, continuing its downward trend for the past four days with a consecutive fall of -7.18%. Despite this, the stock is still trading higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages. HPCL's stock has underperformed the sector by -1.26% and the Sensex by -2.95% in the past day, but has outperformed by 1.18% in the past month. With a high dividend yield of 3.97%, MarketsMojo has given a 'Hold' call for the stock.
Hindustan Petroleum Corporation Ltd. (HPCL) has seen a decline in its stock price by -3.09% on October 22, 2024. The stock has been on a downward trend for the past four days, with a consecutive fall of -7.18% during this period. This underperformance is reflected in the stock's performance today, as it has underperformed the sector by -1.26%.
Despite this recent decline, HPCL's stock is still trading higher than its 100-day and 200-day moving averages. However, it is currently lower than its 5-day, 20-day, and 50-day moving averages. This indicates a mixed trend for the stock in the short term.
On October 22, the stock touched an intraday low of Rs 403, which is a decrease of -2.94% from its previous close. At the current price, HPCL offers a high dividend yield of 3.97%.
In comparison to the overall market performance, HPCL's stock has underperformed the Sensex by -2.95% in the past day and has outperformed by 1.18% in the past month. This suggests that while the stock may have seen a recent decline, it has still performed better than the overall market in the longer term.
Based on these factors, MarketsMOJO has given a 'Hold' call for HPCL's stock. Investors should keep an eye on the stock's performance in the coming days to make informed decisions about their investments.
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