HPCL Price Forecast 2023 to 2030

[{"selector":"#anim-8822acec-8ba5-4fec-99b1-a791a1551e16","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-66c16631-4e8f-4822-bcd0-1a81c18334c1","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Source - unsplash

Hindustan petroleum corporation Ltd was incorporated in the year 1952.

[{"selector":"#anim-6db97c37-68a5-4162-98a3-3203b86d0e2d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cb383de8-3de6-470c-a5e4-11a81b5ddcc4","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-52e4ddba-8496-4106-9e23-3ec18514b17d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-22.18406576527992%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Source - unsplash

Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company.

[{"selector":"#anim-e565b6c6-ef42-4bf0-99fa-a22c192d8d82","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6b2e55c1-4be0-4825-b08f-adc3d988fc39","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-37118d8c-6d0c-4fc9-8f3d-1de41c22078d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.55729157052741%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Source - unsplash

HPCL also operates refineries and pipelines and has a presence in the exploration and production of hydrocarbons.

[{"selector":"#anim-f7733db6-9fb7-4a90-8a89-d13b2ab95dd5","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-39a92a31-9333-43c5-9afe-76f8683843ef","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-53cfda6b-39a8-4603-be69-37050f488ad0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Source - unsplash

The current market price of HPCL is 251.45 in Jan 2023.

[{"selector":"#anim-7ffd79a5-3bac-4c94-ba91-1ee49790fa77","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-41865f00-3c86-441f-b3d6-42a84c111486","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-373e1296-f208-4cdc-96cc-ab19ddd51ec9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-20.237825467582624%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Image Source - unsplash

As we know the heavy demand for fuel in India that’s why we are bullish on HPCL.

[{"selector":"#anim-f0db80ca-5e53-4f99-ac45-353c3f11a595","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-39a6df35-6960-45f3-94d8-1de07f1ff4e6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d037162c-cf7b-4c9e-b605-185e84fc256b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.854838599573288%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Source - unsplash

We predict that HPCL will touch the price target of 350 INR in 2023.

[{"selector":"#anim-cb49ab17-2c8f-4f17-a584-2accedaa5928","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fa16c573-0e65-44c7-bd41-c2126c27f7fd","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2e1719d0-eff6-452f-a781-f27ee0aa12c1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.260714172005027%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Source - unsplash

[{"selector":"#anim-f67c2115-8614-4eb9-befd-74b819af8520 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.74999993173544%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Source - unsplash Learn more