Hindustan Petroleum traded at 394.90 this Wednesday August 5th, increasing 1.70 or 0.43 percent since the previous trading session. Looking back, over the last four weeks, Hindustan Petroleum gained 1.40 percent. Over the last 12 months, its price fell by 1.62 percent. Looking ahead, we forecast Hindustan Petroleum to be priced at 380.79 by the end of this quarter and at 355.66 in one year, according to Trading Economics global macro models projections and analysts expectations.
Hindustan Petroleum Corporation Limited is a holding company. The Company is engaged in the business of refining of crude oil and marketing of petroleum products. It operates through two segments: Downstream, and Exploration and Production of Hydrocarbons. The Downstream segment engages in refining, marketing and transportation of petroleum products. It offers motor spirit, high-speed diesel and liquefied petroleum gas (LPG). Its products and services include aviation turbine fuel; bulk fuels and petroleum products that are marketed to industrial consumers; LPG (HP Gas); Lubes (HP Lubes), and product pipelines. It has refineries at Mumbai and Vishakhapatnam, LPG bottling plants and Lube blending plants. Its refineries upgrade the crude petroleum into various products and over 300 grades of lubricants, specialties and greases. The Company's marketing infrastructure includes a network of installations, depots, retail outlets, aviation service stations and LPG distributors.