HINDPETRO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| Stock Code | HINDPETRO | Market Cap | 79,698 Cr. | Current Price | 375 ₹ | High / Low | 508 ₹ |
| Stock P/E | 5.10 | Book Value | 244 ₹ | Dividend Yield | 2.80 % | ROCE | 11.8 % |
| ROE | 16.9 % | Face Value | 10.0 ₹ | DMA 50 | 383 ₹ | DMA 200 | 411 ₹ |
| Chg in FII Hold | 0.91 % | Chg in DII Hold | -1.06 % | PAT Qtr | 4,072 Cr. | PAT Prev Qtr | 3,830 Cr. |
| RSI | 51.8 | MACD | 2.49 | Volume | 55,54,027 | Avg Vol 1Wk | 48,84,322 |
| Low price | 316 ₹ | High price | 508 ₹ | PEG Ratio | 0.92 | Debt to equity | 1.16 |
| 52w Index | 30.4 % | Qtr Profit Var | 34.7 % | EPS | 73.4 ₹ | Industry PE | 15.7 |
📉 Chart Patterns & Trend: HINDPETRO is trading slightly below its 50 DMA (₹383) and 200 DMA (₹411), showing mild weakness in the short term. Current price (₹375) is near support at ₹370–₹375, suggesting consolidation with potential rebound if buying interest sustains.
📊 Momentum Indicators: RSI at 51.8 indicates neutral momentum. MACD at 2.49 confirms mild bullish crossover. Bollinger Bands show price stabilizing near the mid-band, signaling consolidation with limited volatility.
📈 Volume Trends: Current volume (55.5 lakh) is higher than average weekly volume (48.8 lakh), reflecting increased participation and accumulation interest.
🎯 Entry Zone: ₹370 – ₹380 (near support, favorable risk-reward).
🚪 Exit Zone: ₹405 – ₹420 (near resistance and 200 DMA zone).
🔎 Status: The stock is consolidating near support with mild bullish bias. Sustained breakout requires price action above ₹411–₹420.
Positive
- Strong EPS of ₹73.4 supports valuation strength.
- Dividend yield of 2.80% provides steady income.
- Quarterly PAT growth (+34.7%) shows earnings momentum.
- FII holdings increased (+0.91%), reflecting foreign investor confidence.
Limitation
- High debt-to-equity ratio (1.16) raises leverage concerns.
- Stock trading below both 50 & 200 DMA indicates technical weakness.
- P/E of 5.10 is low compared to industry PE (15.7), suggesting undervaluation but also market caution.
Company Negative News
- DII holdings decreased (-1.06%), showing reduced domestic institutional support.
- Debt levels remain elevated, impacting long-term stability.
Company Positive News
- Quarterly PAT improved from ₹3,830 Cr to ₹4,072 Cr.
- EPS and dividend yield remain attractive for investors.
Industry
- Oil & gas sector trading at industry PE of 15.7, higher than HINDPETRO’s P/E, suggesting relative undervaluation.
- Sector outlook remains volatile due to crude price fluctuations.
Conclusion
✅ HINDPETRO is fundamentally strong with attractive valuations and profitability. Technically, the stock is consolidating near support with mild bullish signals. Short-term traders may consider entry near ₹370–₹380 with exits around ₹405–₹420. Long-term investors should monitor debt levels and wait for confirmation above ₹420 before fresh accumulation.
Would you like me to extend this into a sector overlay comparison with BPCL, IOC, and ONGC so you can benchmark HINDPETRO’s relative strength in the oil & gas sector?