Hindustan Oil Share Price On A Roll

Hindustan Oil share price zoomed up by 8.08%. The stock opened at Rs. 46 and closed at Rs. 49.45, touching the day’s high and low at Rs. 51.65 and Rs.45.35. Last week, the stock made its 52 week high 5 times on 16th, 17th, 18th, 19th and on 22nd August at Rs. 44.20, Rs. 44.75, Rs. 45.90, Rs. 47.20 and Rs. 51.60 respectively. The stock saw a spurt in volume by more than 4.17 times.

The lower price band of the share is Rs. 36.65 and the upper price band is Rs. 54.95. The 52 week low is seen at Rs. 26.30 on12th Feb ’16. Hindustan Oil is among the top 500 stocks identified by Dynamic Levels research team for this quarter due to its strong fundamentals. By strong Fundamentals it is meant that Hindustan Oil has not incurred any losses in last 2 quarters, debt equity is less than 2 (not applicable for NBFC and banks) and pledge is less than 25%. These top 500 Shares, as per Dynamic Levels, are safe for investment. The Average Daily Movement of the stock is 1.59 and its average volume for last 20 days is 1116016. Approximately 60 lakh shares are traded in the counter with a traded value of Rs.3005.62 lakhs, as per NSE. The stock yields 19.42% monthly returns and has the PE ratio of 38.75. The market cap of the company amounts to Rs. 597.66(Cr) and has a book value of Rs. 22.12.

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