HINDPETRO(Hindustan Petroleum Corporation Limited)
JEFFERIES ON HPCL : 21.05.2021
* MAINTAIN BUY TARGET: 370
* Significant EBITDA beat on much higher inventory gains in refining & marketing for HPCL, Jefferies maintains BUY call on the OMC
* Significant, EBITDA Beat On Much Higher Inventory Gains In Refining & Marketing
* Marketing Volume Growth Sharply Ahead Of Industry Growth
* Mktg Profitability Will Be Restored As Crude Cools & Retail Price Hikes Continue
* Borrowings Flat Due To A Large Increase In Inventories & Back-ended Capex
* Cut Earnings By 3%/5 % For FY22/23 On Ongoing Restrictions
CITI ON HPCL : 21.05.2021
* MAINTAIN BUY TARGET: 295
* Exceptionally strong performance by HPCL through the year; given attractive valuations, maintain positive view on OMCs, Citi says
* Exceptionally Strong Performance Through The Year
* Full-year Standalone EPS At *71/Sh Vs *17/Sh In FY20
* Declared An Attractive Final Dividend Of 22.75/Sh
* Given Attractive Valuations, Maintain Positive View On OMCs
JPMORGAN ON HPCL : 21.05.2021
* MAINTAIN OVERWEIGHT TARGET: 330 (PREV TGT:285)
* JPMorgan increases FY22-23 EPS estimates by 14% & 8% after Q4 earnings
* Reported A Large Beat Driven By Inventory Gains
* See A Sharp Improvement In Underlying Operating Performance
* Increase FY22-23 EPS Estimates By 14% & 8%
JPMORGAN ON HPCL : 21.05.2021
* Maintain Overweight, Target at Rs 330/share
* Strong earnings beat driven by inventory gains
* Raise earnings estimates and PT at Rs 330/share
* See sharp improvement in HPCL's underlying operating performance
