HPCL (Hindustan Petroleum Corporation Limited) Stock Gain 0.83 percent in Intraday. HPCL decided to buy 10 crore shares from investors. HPCL’s decision will give you benefit investors, as the company has decided to buy back the shares at a 34% premium to today’s market rate. HPCL board has approved the decision to buy back shares at a rate of Rs 250 per share. This means that the company will buy back shares worth Rs 2500 crore. It is 6.56% of the total equity share of the company.
HPCL stock on the Bombay Stock Exchange (BSE) was around Rs 186.75 per share. It saw a jump of 0.54%. At the same time, the company’s stock on the National Stock Exchange (NSE) gained 0.83% to close at Rs 187.20. That is, the investors who sell shares to the company in this buyback will have a profit of about 63 rupees per share.
Buy HPCL for Tomorrow Trading
@Buy HPCL Shares for Intraday Tomorrow Trading above 189 for targets 183, 185 Stop Loss 184.3. exit your position on Intraday tomorrow.