HPCL Shares Soar 4%: Why HPCL Shares Price is Rising
Hindustan Petroleum Corporation Limited (HPCL) shares surged 4% in Tuesday's trade.
HPCL Shares Soar 4%
HPCL News: Defying the overall market trend, HPCL's share price rose 4% on October 15.
On the other side, the BSE Oil & Gas index stands at 30,297.6 (up 0.5%), up from 18,704.1 in the previous year, representing a 62.0% increase.
Now the question is why HPCL's stock price is growing. Therefore, the answer is as follows:
- Strong quarter 2 result
- Fuel price deregulation
- Boost in investment
- Government Infrastructure Push
In fact, HPCL's rise in share price is proof of the company's robust performance and growth potential.
HPCL Share Price: Past and Present
Over the last year, HPCL's share price has escalated from Rs 171.0 to Rs 423.5, marking a whopping gain of 252.54 or around 147.72%.
In comparison, the S&P BSE OIL & GAS Index has also seen a significant rise from Rs 18,947.5 to Rs 30,129.4, gaining 11,181.9 points.
As of now, HPCL's latest trading price on the BSE stands at Rs 425.5, up by 4.9%. Meanwhile, on the NSE, the latest trading price for HPCL has surged by 5.1% to Rs 426.4.
