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Hindustan Petroleum (NSE:HINDPETRO) 6-Month Price Index : 1.64 (As of May. 24, 2024)


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What is Hindustan Petroleum 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-24), Hindustan Petroleum's 6-Month Price Index is 1.64.

Competitive Comparison of Hindustan Petroleum's 6-Month Price Index

For the Oil & Gas Refining & Marketing subindustry, Hindustan Petroleum's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hindustan Petroleum  (NSE:HINDPETRO) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hindustan Petroleum  (NSE:HINDPETRO) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Hindustan Petroleum 6-Month Price Index Related Terms

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Hindustan Petroleum (NSE:HINDPETRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hindustan Petroleum Corp Ltd (NSE:HINDPETRO) » Definitions » 6-Month Price Index
Comparable Companies
BOM:532522 BOM:500109 BOM:500870 BOM:500003 BOM:500110 BOM:526829 BOM:524820 BOM:532435 BOM:532543 NSE:ARABIAN NSE:RELIANCE MPC PSX VLO OHEL:NESTE TPE:6505 XKAZ:KMGZ NSE:IOC TSE:5020 DINO
Traded in Other Exchanges
500104:India
Address
17, Jamshedji Tata Road, Post Box No. 11041, Petroleum House, Churchgate, Mumbai, MH, IND, 400 020
Website
https://www.hindustanpetroleum.com
Hindustan Petroleum Corp Ltd. (HPCL) is an Indian government enterprise that refines crude oil and manufactures petroleum-based products. The company operates a diverse group of refineries that process several grades of lubes, specialties, and greases along with a variety of petroleum products. HPCL also controls an extensive network of pipelines in India that transport a variety of hydrocarbon-based products. In tandem with its host of pipelines, marketing and distribution efforts are carried out through a group of terminals, service stations, bottling plants, marketing offices, and other facilities. Hindustan's products are primarily sold throughout India. The business is divided into downstream and other operations, with downstream activities generating the most revenue.

Hindustan Petroleum (NSE:HINDPETRO) Headlines

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