UBS has maintained its Buy rating on Hindustan Petroleum Corporation Limited (HPCL), with a target price of ₹445, indicating a potential upside of approximately 19.4% from the current market price of ₹372.80.
Key Insights from UBS’s Report
- Focus on Long-Term Investments: UBS highlights HPCL’s ongoing investments aimed at supporting growth and profitability over the long term.
- Integrated Margins Offset by Challenges: Strong integrated margins are being countered by under-recoveries and inventory losses.
- Project Completion Boosting Performance: HPCL’s physical performance is improving, with key projects reaching or nearing completion, which could drive future growth.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making investment decisions.
