CMP :321
Hindustan Petroleum has not participated in the Indian stock rally over the last 1 year
mainly because of crude oil price continuous rise.
With the crude cooling off to $54 levels from $80 levels the stock has also not gone up.
Some of the positives for the buyer:
1.The Book Value of the script is rs 270 .
2. It is all set to sell half its stake in the Vishakapatnam refinery to French firm Total SA, which will bring in Rs 6,000 crore.
3.HPCL to develop malls, multiplexes at unused depots.
Buying at 300 levels the risk reward is in favour of buyer.
Thursday, January 18, 2007
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