On May 26, a fire broke out at an HPCL plant in Visakhapatnam in Andhra Pradesh; HPCL later said in a tweet that the fire had been extinguished and there were no casualties
Hindustan Petroleum Soars Over 4% On Massive Jump In Q4 Net Profit Hindustan Petroleum Soars Over 4% On Massive Jump In Q4 Net Profit Hindustan Petroleum Corporation posted a net profit of Rs 3,017.96 crore in March 2021 as against Rs 26.80 crore in March 2020
Updated: May 21, 2021 1:00 pm IST
At 12:50 am, HPCL shares were trading at Rs 278.40, higher by 4.4 per cent, on the BSE
Hindustan Petroleum Corporation (HPCL) shares surged more than 4 per cent on Friday after the state-run company posted a massive jump in net profit for the fourth quarter ended March 31, 2021. The company posted a net profit of Rs 3,017.96 crore in March 2021 as against Rs 26.80 crore in March 2020, Hindustan Petroleum Corporation said in a filing to the stock exchanges. At 12:50 am, HPCL shares were trading at Rs 278.40, higher by 4.4 per cent, on the BSE.
The Nifty50 index has breached the crucial support of 14,753, which happened to be the previous top on the daily Chart. It has also violated the supports derived from 5, 10 and 20 days SMA. RSI oscillator has also exited overbought zone with negative divergence on the daily chart. However, we can not rule out the stock specific bullish moves. Current market setup is offering trading opportunities in both directions. As far as Nifty is concerned 15,000-15,100 is a zone, which should be utilized to lighten the trading long commitments. Support for the Nifty is seen at 14,336 odd levels, where 50 days EMA is placed.