HPCL Stock Sees -3.15% Dip Amidst Underperformance in Oil Sector

Hindustan Petroleum Corporation Ltd. (HPCL) has seen a dip in its stock price by -3.15% on September 19, 2024. This has been attributed to the overall underperformance of the oil exploration/refineries sector, with HPCL falling -2.05% below the sector's average performance for the day.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for HPCL's stock is 'Hold'. This is in line with the company's recent performance, as it has been on a downward trend for the past 5 days, with a total loss of -4.45% during this period.

On September 19, the stock touched an intraday low of Rs 394.1, a decrease of -3.24% from its previous closing price. However, despite this recent dip, HPCL's stock is still performing well in the long term, with its moving averages higher than the 50 day, 100 day, and 200 day averages. It is worth noting that the stock is currently lower than the 5 day and 20 day moving averages.

Investors may also be interested in HPCL's high dividend yield of 4.05% at the current price. This could potentially make the stock an attractive option for those seeking regular income from their investments.

In comparison to the overall market performance, HPCL's stock has underperformed the Sensex by -3.23% in the past day and 1.59% in the past month. However, it is important to note that the Sensex has also seen a decline of 0.37% and 3.52% in the same time periods, respectively.

Overall, while HPCL's stock may have seen a dip in its price recently, it still remains a strong player in the oil exploration/refineries industry. With a 'Hold' call from MarketsMOJO and a high dividend yield, it could be a good option for investors looking for long term stability and potential income.