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"The market took cues from the U.S. market and was down earlier, but there was demand for buying on dips mainly from retail investors," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

Hindustan Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 31931.52 Crore) operating in Gas & Petroleum sector.

A total of 10,650 shares changed hands on the counter till 01:35PM (IST).

As of 30-Sep-2022, promoters held 0.0 per cent stake in the company, while FIIs held 37.27 per cent and domestic institutional investors had 32.58 per cent.

Investors are expecting that after the joint entity of LTIMindtree can replace PSU refinery BPCL in the headline index. "As per our best understanding of the existing methodology, we do not expect LTI

In the highly concentrated long-term portfolio, almost all stocks have compounded their share prices at 15-30% annually demonstrating that stock selection contributed significantly to portfolio returns, the PMS fund said.

The stock traded at a P/E multiple of 76.54, while the price-to-book value ratio stood at 17.88.

“Gold prices are expected to trade with a negative bias for the day amid strong dollar and surge in US treasury yields,” it said. "Upbeat economic data from the US fuelled expectations among investors that peak for the Fed funds will be higher than anticipated," it added.

A total of 538 shares changed hands on the counter till 12:18PM (IST)

The company had recently bagged an order for eco-friendly less wood for green cremation systems (GMS). It had expressed hopes of more order inflows from the Bitumen business, which has been back in action after the monsoon.