Hindpetro
GS ON HPCL : 05.08.2021
* Goldman Sachs maintains BUY call on HPCL, target at Rs 425/sh
* Q1 Core EBITDA 70% Ahead Of Our Expectations
* Earnings Driven By Better-than expected Fuel Retailing Margin
* Raise FY22 Core EBITDA Estimate By 14% Driven By Stronger Fuel Retailing Print
* Forecast FY21-23 Core EBITDA CAGR Of 24%
* Raise FY22 EPS Estimate By 16% To Reflect Q1 Beat
* MAINTAIN BUY TARGET: 425
CITI ON HPCL : 05.08.2021
* Citi maintains BUY call on HPCL, target at Rs 335/sh
* Q1 EBITDA Expectedly Weaker Sequentially, But Much Better Than Our Forecasts
* Healthy Performance Driven By Stronger Performance In Marketing
* Higher-than-expected Inventory Gains & Cost Normalisation Aid Earnings As Well
* MAINTAIN BUY TARGET: 335
CS on HPCL : 30.06.2021
* Neutral, TP Raised to Rs 280 from Rs 242
* Increase FY22E EPS by 26% to Reflect higher marketing margins
* Volumes are hit currently due to lockdown but with improvement in mobility indicators, volumes should recover from 2Q22
CREDIT SUISSE ON HPCL : 30.06.2021
* MAINTAIN NEUTRAL TARGET: 280 (PREVTGT:242)
* Credit Suisse increases FY22 EPS for HPCL by 26% to reflect higher marketing margin
* Increase FY22 EPS By 26% To Reflect Higher
* Marketing Margin With Improvement In Mobility Indicators, Volume Should Recover From Q2TV10
