HINDPETRO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | HINDPETRO | Market Cap | 91,837 Cr. | Current Price | 431 ₹ | High / Low | 508 ₹ |
| Stock P/E | 5.88 | Book Value | 244 ₹ | Dividend Yield | 2.43 % | ROCE | 11.8 % |
| ROE | 16.9 % | Face Value | 10.0 ₹ | DMA 50 | 452 ₹ | DMA 200 | 430 ₹ |
| Chg in FII Hold | 1.87 % | Chg in DII Hold | -1.60 % | PAT Qtr | 4,072 Cr. | PAT Prev Qtr | 3,830 Cr. |
| RSI | 41.6 | MACD | -10.8 | Volume | 46,36,553 | Avg Vol 1Wk | 52,96,052 |
| Low price | 288 ₹ | High price | 508 ₹ | PEG Ratio | 1.07 | Debt to equity | 1.16 |
| 52w Index | 65.1 % | Qtr Profit Var | 34.7 % | EPS | 73.4 ₹ | Industry PE | 9.25 |
📊 Chart & Trend Analysis: HINDPETRO is trading at ₹431, below its 50 DMA (₹452) but slightly above its 200 DMA (₹430), indicating short-term weakness with medium-term support. RSI at 41.6 suggests the stock is approaching oversold territory. MACD at -10.8 confirms bearish momentum. Current volume (46.3L) is below the weekly average (52.9L), showing reduced participation. Bollinger Bands indicate price near the lower band, reinforcing bearish consolidation.
📈 Momentum Signals: Short-term momentum is weak, with RSI near oversold and MACD bearish crossover. Lower volume participation limits breakout potential.
🎯 Entry Zone: ₹420 – ₹430 (near immediate support)
🚪 Exit Zone: ₹455 – ₹470 (near resistance at 50 DMA)
🔎 Trend Status: Consolidating with bearish bias. Sustained trade below ₹420 could trigger reversal towards ₹400, while recovery above ₹455 may signal bullish trend resumption.
Positive
- Low P/E ratio (5.88) compared to industry average (9.25) suggests undervaluation.
- Dividend yield of 2.43% adds investor appeal.
- Quarterly PAT growth from ₹3,830 Cr. to ₹4,072 Cr. shows earnings momentum.
- EPS of ₹73.4 reflects strong profitability.
- Increase in FII holding (+1.87%) signals foreign investor confidence.
Limitation
- Stock trading below 50 DMA signals short-term weakness.
- High debt-to-equity ratio (1.16) raises leverage concerns.
- ROCE (11.8%) and ROE (16.9%) are moderate compared to peers.
- Weak trading volume reduces conviction in recovery moves.
Company Negative News
- Decline in DII holding (-1.60%) signals reduced domestic institutional support.
Company Positive News
- Quarterly profit variation of 34.7% shows strong earnings growth.
- Increase in FII holding reflects renewed foreign investor interest.
Industry
- Oil & gas sector remains cyclical, influenced by crude price volatility and refining margins.
- Industry P/E at 9.25 highlights moderate sector valuation compared to HINDPETRO’s discount.
Conclusion
⚖️ HINDPETRO is consolidating with a bearish bias. Entry near ₹420–₹430 offers cautious accumulation, while exits near ₹455–₹470 provide short-term profit booking. Strong earnings growth and low valuation support long-term holding, but high leverage and weak technicals warrant patience for better entry opportunities.
Would you like me to extend this into a peer benchmarking overlay (BPCL, IOC, ONGC) so you can compare HINDPETRO’s relative strength within the oil & gas basket?