HPCL - Loss in Q3 December 2007

HPCL drops on reporting loss in Q3 December 2007

Hindustan Petroleum Corporation declined 0.28% to Rs 264.10 at 9:58 IST on BSE, after it reported net loss of Rs 15.73 crore in Q3 December 2007 as compared to net profit of Rs 407.31 in Q3 December 2006.

The results were announced during trading hours on Monday, 28 January 2008, when the stock declined 2.90% to Rs 264.85.

Meanwhile, BSE Sensex was up 256.30 points or 1.41% to 18,409.08.

On, BSE 4,380 shares were traded in the counter. The scrip had an average daily volume of 5.98 lakh shares in the past one quarter.

The stock hit a high of Rs 268.75 and a low of Rs 262 so far during the day. The stock had a 52-week high of Rs 405.90 on 4 January 2008 and a 52-week low of Rs 218 on 22 January 2008.

The mid-cap scrip had underperformed the market over the past one month 28 January 2008, declining 22.75% compared to the Sensex’s decline of 10.17%. It had outperformed the market in the past one quarter, gaining 11.14% compared to Sensex’s decline of 8.24%.

The company’s current equity is Rs 339.33 crore. Face value per share is Rs 10.

Hindustan Petroleum Corporation (HPCL)’s net sales have increased 22.4% to Rs 27,117.01 crore in Q3 December 2007 over Q3 December 2006.

HPCL undertakes downstream petroleum activities including development of infrastructure and marketing of LPG and other petroleum products.