Latest news with #HPCL
Economic Times
3 days ago
- Business
- Economic Times
Which stocks should traders buy as indices hit a nine-month high?
Shah said the stock has recently given a 'stage-2 cup pattern' breakout on a daily scale. As benchmark indices reached a nine-month high, traders are eyeing bullish opportunities in stock futures. HPCL, UltraTech Cement, Power Grid, Indraprastha Gas, Apollo Hospitals, and HDFC Life Insurance are showing potential for upward movement. Technical analysis suggests specific entry points, stop losses, and target prices for these stocks, guiding traders in their investment decisions. Tired of too many ads? Remove Ads Decline in crude oil prices has supported oil marketing companies move higher, said Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services. 'The stock has seen meaningful long additions on Friday and has been making higher lows for the last 4 trading sessions,' he said. The stock also gave a consolidation breakout after 35 long weeks. Traders can buy the contracts with support at Rs 425 for an upside target towards Rs 465 levels. Tired of too many ads? Remove Ads The stock rose due to short covering on Friday, said Vipin Kumar, AVP, derivatives and technical research at Globe Capital Market. 'On charts, it is trading on the verge of a fresh breakout from a year-long congestion zone at Rs 10,130-12,396. Considering its current chart structure and derivatives data, we expect the stock to move northward in near term and test Rs 13,500- Rs 14,000 levels,' he said. Kumar suggested traders buy its July futures with a stop loss at Rs 11,400. Indraprastha has given a consolidation breakout on daily and weekly charts with a decisive close above Rs 214 levels, said Taparia. 'The stock has seen support-based buying with addition in option interests, which clearly indicates that longs are being added at current juncture for next move,' he said. Traders can buy Indraprastha contracts with support at Rs 207 for an upside target towards Rs 228. Sudeep Shah, head, technical and derivative research at SBI Securities, said, on daily chart, stock has registered a breakout supported by robust volume participation— signalling strong buying interest. 'This breakout not only validates the underlying strength but also marks shift in sentiment after consolidation,' he said. Shah recommends stock in the zone of Rs 7,320-Rs 7,280 with a stop loss of Rs 7,080, for a target of Rs 7,750. Shah said the stock has recently given a 'stage-2 cup pattern' breakout on a daily scale. 'This breakout is confirmed by robust volume. Currently, the stock is trading above its short and longterm moving averages, and these averages are edging higher, which is a bullish sign,' he said. He recommends accumulating the stock in the zone of `810-`800 with a stop loss of `780, for a target of `870 in the short term. As benchmark indices hit a nine-month high in the last week of June, traders are looking to ride the bullish wave. A look at some of the stock futures that have seen higher-than-average rollovers to the July series and poised to move up Rs 439 Change in Open Interest in July Series: 9% Change in Price in July Series: 4.3%CMP: Rs 12,234 Change in Open Interest in July Series: -2.81% Change in Price in July Series: +1.96%CMP: `299 Change in Open Interest in July Series: -1% Change in Price in July Series: +1.60% Technically, it is well placed on multiple time frames and has bounced back sharply from its price support of `285, said Kumar. 'All the parameters are indicating higher probability of positive momentum in this stock in the near term,' he said. Hence, we suggest traders to go long till it is holding above `284 levels and expect it to test `315-`325 in near term.'CMP: Rs 213.85 Change in Open Interest in July Series: 13% Change in Price in July Series: 3%CMP: Rs 7,305 Change in Open Interest in July Series: 0.38% Change in Price in July Series: 2.71%CMP: Rs 807.35 Change in Open Interest in July Series: -6.28% Change in Price in July Series: 0.34%
Time of India
3 days ago
- Business
- Time of India
Which stocks should traders buy as indices hit a nine-month high?
As benchmark indices hit a nine-month high in the last week of June, traders are looking to ride the bullish wave. A look at some of the stock futures that have seen higher-than-average rollovers to the July series and poised to move up further. HPCL CMP: Rs 439 Change in Open Interest in July Series: 9% Change in Price in July Series: 4.3% Decline in crude oil prices has supported oil marketing companies move higher, said Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services . 'The stock has seen meaningful long additions on Friday and has been making higher lows for the last 4 trading sessions,' he said. The stock also gave a consolidation breakout after 35 long weeks. Traders can buy the contracts with support at Rs 425 for an upside target towards Rs 465 levels. ULTRATECH CEMENT CMP: Rs 12,234 Change in Open Interest in July Series: -2.81% Change in Price in July Series: +1.96% Live Events The stock rose due to short covering on Friday, said Vipin Kumar, AVP, derivatives and technical research at Globe Capital Market. 'On charts, it is trading on the verge of a fresh breakout from a year-long congestion zone at Rs 10,130-12,396. Considering its current chart structure and derivatives data, we expect the stock to move northward in near term and test Rs 13,500- Rs 14,000 levels,' he said. Kumar suggested traders buy its July futures with a stop loss at Rs 11,400. POWER GRID CORP CMP: `299 Change in Open Interest in July Series: -1% Change in Price in July Series: +1.60% Technically, it is well placed on multiple time frames and has bounced back sharply from its price support of `285, said Kumar. 'All the parameters are indicating higher probability of positive momentum in this stock in the near term,' he said. Hence, we suggest traders to go long till it is holding above `284 levels and expect it to test `315-`325 in near term.' INDRAPRASTHA GAS CMP: Rs 213.85 Change in Open Interest in July Series: 13% Change in Price in July Series: 3% Indraprastha has given a consolidation breakout on daily and weekly charts with a decisive close above Rs 214 levels, said Taparia. 'The stock has seen support-based buying with addition in option interests, which clearly indicates that longs are being added at current juncture for next move,' he said. Traders can buy Indraprastha contracts with support at Rs 207 for an upside target towards Rs 228. APOLLO HOSPITALS CMP: Rs 7,305 Change in Open Interest in July Series: 0.38% Change in Price in July Series: 2.71% Sudeep Shah, head, technical and derivative research at SBI Securities, said, on daily chart, stock has registered a breakout supported by robust volume participation— signalling strong buying interest. 'This breakout not only validates the underlying strength but also marks shift in sentiment after consolidation,' he said. Shah recommends stock in the zone of Rs 7,320-Rs 7,280 with a stop loss of Rs 7,080, for a target of Rs 7,750. HDFC LIFE INSURANCE CMP: Rs 807.35 Change in Open Interest in July Series: -6.28% Change in Price in July Series: 0.34% Shah said the stock has recently given a 'stage-2 cup pattern' breakout on a daily scale. 'This breakout is confirmed by robust volume. Currently, the stock is trading above its short and longterm moving averages, and these averages are edging higher, which is a bullish sign,' he said. He recommends accumulating the stock in the zone of `810-`800 with a stop loss of `780, for a target of `870 in the short term.
Business Upturn
6 days ago
- Business
- Business Upturn
Confidence Petroleum secures Rs 42 crore LPG bottling assistance contracts from BPCL, HPCL and IOCL
By Aditya Bhagchandani Published on June 27, 2025, 13:08 IST Confidence Petroleum India Limited has announced that it has secured LPG bottling assistance contracts worth Rs 42.09 crore from three leading public sector undertakings (PSUs)—Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Indian Oil Corporation Limited (IOCL). According to the company's exchange filing on June 27, 2025, BPCL awarded a 10-year bottling contract at Kollam for 3 lakh units, valued at Rs 24.22 crore. HPCL has awarded a similar 10-year contract at Trivandrum for 1.2 lakh units, worth Rs 11.40 crore. Additionally, IOCL has awarded a 3-year contract at Murbad for 90,000 units, valued at Rs 6.46 crore. The company also informed that it has been shortlisted for another IOCL tender for Sarangpur, with the Letter of Intent (LOI) expected shortly. Confidence Petroleum stated that these long-term contracts strengthen its leadership in the LPG bottling segment and further reinforce its partnership with India's top oil marketing companies. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Reuters
7 days ago
- Business
- Reuters
Indian refiners' May crude processing edges up 0.4% from a year earlier
June 26 (Reuters) - Indian refiners' throughput in May rose 0.4% year-on-year to 5.47 million barrels per day (23.11 million metric tons), provisional government data showed on Thursday. Refinery throughput in April was at 5.25 million barrels per day (21.49 million metric tons). India's fuel demand in May rose to its highest in more than a year, while crude oil imports reached a record high of 23.32 million metric tons. The country is the world's third-biggest oil importer and consumer. "What drives refinery runs is domestic demand and refined product net exports. Oil demand was modestly up in May versus one year ago and refined product exports lower versus last year, so I guess that is the reason for the modest change," said Giovanni Staunovo, an analyst at UBS. The share of Russian oil in India's imports in May declined marginally as refiners cut purchases from Moscow by 15.7% to 1.7 million barrels per day (bpd), tanker data from trade and industry sources showed. India's Mangalore Refinery and Petrochemicals Ltd ( opens new tab shut its 144,000 bpd crude distillation unit in mid-May, according to a refinery source and four traders who confirmed the development in early May. REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons): Source: Ministry of Petroleum and Natural Gas IOC: Indian Oil Corp ( opens new tab BPCL: Bharat Petroleum Corp Ltd ( opens new tab HPCL: Hindustan Petroleum Corp Ltd ( opens new tab CPCL: Chennai Petroleum Corp Ltd ( opens new tab MRPL: Mangalore Refinery and Petrochemicals Ltd ( opens new tab Reliance Industries Ltd ( opens new tab Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
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Business Standard
7 days ago
- Business
- Business Standard
HPCL up 4%, at 8-mth high: Time to buy or sell? Here's what brokerages say
Hindustan Petroleum Corporation (HPCL) share price Shares of Hindustan Petroleum Corporation (HPCL) hit an eight-month high at ₹424.35, as they rallied 4 per cent on the BSE in Thursday's intra-day trade amid a sharp correction in the crude oil prices, after the US President announced ceasefire in the Israel-Iran war. The stock price of the state-owned oil marketing company (OMC) was trading higher for the fifth straight day, surging 9 per cent in one week. In comparison, the BSE Sensex was up 1.7 per cent during the same period. Shares of HPCL hit its highest level since October 2024. The stock had hit a 52-week high of ₹457.20 on September 5, 2024. At 11:02 AM; HPCL was trading 2 per cent higher at ₹415.80, as compared to 0.5 per cent rise in the BSE Sensex. Meanwhile, share price of Bharat Petroleum Corporation (₹328.80) and Indian Oil Corporation (₹144.90) were up 3 per cent and 2 per cent, respectively, in intra-day trade. OMCs were earning a gross margin of ₹7.9 per litre on gasoline and ₹4.3 per litre on diesel. Therefore, any downward movement of international crude oil prices would rise margin of these companies. On Monday, both oil contracts settled down more than 7 per cent. They had rallied to five-month highs after the US attacked Iran's nuclear facilities, Reuters reported. Kotak Institutional Equities view on OMCs With prices of retail fuels (83-85 per cent of volumes) frozen, OMCs are an inverse oil play. With oil prices declining (average $67/63/bbl in April/May), OMCs' marketing margins were very high. There was an expectation of retail price cuts (Oil Minister: OMCs have headroom to cut retail prices). With geopolitical worries rising, retail price cuts are unlikely soon. If retail prices were cut, a reversal would have been difficult. But if the conflict eases soon, margins may further rise. While OMCs' near-term earnings will remain strong (despite the oil price spike), the brokerage firm said its key concerns remain on the lack of pricing power and large capex. Emkay Global Financial Services view on HPCL HPCL's current major capex cycle is coming to an end. For now, focus is on returns from this capex, before it embarks on the next leg for meeting the 5-year capex cycle of ₹77,000 crore. Capex is being made prudently now. There are no huge projects as of now. It aims to veer debt-to-equity and serviceability in the right direction. The new CMD, being a career energy consultant, has always been positive on HPCL. He believes it is an excellent business with a highly competent team, in refining as well as in marketing, and has achieved much so far. There are improvement opportunities, which would be the main focus; the company will unveil its plans going ahead. It would work for shareholder value creation, including minorities. 'In FY25, HPCL outperformed PSU peers, gaining 0.25 per cent market share. LPG loss rose 6 per cent quarter-on-quarter (QoQ) to ₹3,300 crore in Q4, while net debt grew 6 per cent year-on-year (YoY)/19 per cent QoQ to ₹57,900 crore. The new CMD stressed on focus on returns from the current capex cycle which is coming to an end and generating positive free cash flow (FCF) with debt reduction. The brokerage firm raise FY26E/27E EPS by 22 per cent/16 per cent, building in better margins; analysts raise rolled over Mar-26E target price by ~11 per cent to ₹500 from ₹450; retain BUY,' the brokerage firm said in the Q4 result update.
