BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains hold on Hindustan Petroleum
We do not see value from a potential takeover of HPCL by ONGC, as the synergies look limited, said Religare. HPCL's current valuations at around 11x FY19 estimated EPS capture most of the positives from expansion of marketing business deltas, the brokerage added.