NSE: HINDPETRO · 22 October 2026
- Hindustan Petroleum Corporation Ltd shares declined 1.87% during the trading session, settling at ₹340.80 after moving within a day's range of ₹339.05 and ₹347.50.
- Hindustan Petroleum Corporation reported revenue from operations of ₹1,39,140 crore for the quarter ended September 30, 2026, compared to ₹1,10,323 crore in the corresponding period of the previous year. Standalone net profit for the quarter stood at ₹3,483 crore, while Gross Refining Margin before export cess was reported at US$ 32.15 per barrel. Crude throughput reached 6.20 MMT, operating at 100% capacity during the quarter.
- Trading volume was 0.57 times the 20-day average daily volume.
Why is Hindustan Petroleum Corp share price falling on 22 October 2026?
Hindustan Petroleum Corporation Ltd shares declined 1.87% during the trading session, settling at ₹340.80 after moving within a day's range of ₹339.05 and ₹347.50.
The broader market exhibited weak sentiment, with the benchmark Nifty down 0.88% and the Nifty Energy sector recording a sharper drop of 2.43%. Hindustan Petroleum underperformed the broader Nifty index while trading broadly in line with the downward pressure observed across energy sector peers during the session.
The price movement followed the release of the company's financial results for the quarter ended September 30, 2026, filed on October 22, 2026. While the earnings disclosure provides important operational context regarding refining margins and revenue performance, market participants digested the detailed financial figures alongside broader sectoral trends without a single confirmed direct catalyst for today's specific intraday pullback.
27.51 lakh shares traded by 22 October 2026 · 03:30 PM IST. This compares with a 20-day average daily volume of 48.21 lakh shares (0.57 times). The five-day average daily volume was 49.92 lakh shares. Separately, the NSE report for 22 October 2026 showed 12.35 lakh shares delivered, representing 44.91% of that day’s traded volume. The same report recorded 31,955 trades.
The stock declined 1.87% amid broader weakness in energy sector benchmarks, alongside market digestion of the newly released Q2 financial results and lower-than-average trading volumes.
Latest Company Developments
Hindustan Petroleum Corporation reported revenue from operations of ₹1,39,140 crore for the quarter ended September 30, 2026, compared to ₹1,10,323 crore in the corresponding period of the previous year. Standalone net profit for the quarter stood at ₹3,483 crore, while Gross Refining Margin before export cess was reported at US$ 32.15 per barrel. Crude throughput reached 6.20 MMT, operating at 100% capacity during the quarter.
Quarterly earnings results and refining margins are key fundamentals that directly influence market valuation and investor expectations for downstream oil marketing companies.
The company announced that the debt arrangement of ₹51,970 crore for HPCL Rajasthan Refinery Limited (HRRL) has been successfully refinanced and repriced with lenders at a lower cost. Additionally, CRISIL Ratings upgraded the long-term credit rating of HRRL from AA to AA+ with a Stable outlook.
Lower borrowing costs and improved credit ratings enhance the financial profile and capital efficiency of major subsidiary projects.
The company announced the cessation of Shri N Baladhandayuthapani, Executive Director – Special Projects (CPO Transformation), following his superannuation on September 30, 2026. The transition is part of routine corporate governance and senior management updates.
Changes in senior leadership help investors track administrative continuity and execution of strategic transformation projects.
'A copy of the Letter dispatched to the shareholders whose email IDs are not registered with the Registrar and Share Transfer Agent(s) of the Company/Depository Participants.'.
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 17.48% on 30 September 2026. This compares with 17.58% on 30 June 2026, a change of -0.10 percentage points.
The filing reported 39 MF/UTI holders.
Research & Brokerage Views
Recommended as a top stock pick for investors based on technical setup and market positioning.
What to Watch Next
- Execution and commercialization progress of the HPCL Rajasthan Refinery Limited (HRRL) project.
- Subsequent quarterly refining throughput and gross refining margin trends relative to global crude oil price movements.
- Delivery volume trends and cash market participation relative to the 20-day average volume.
- Progress on Project Samridhi 2.0 EBITDA improvement initiatives.
Other Dated Coverage
- Hindustan Petroleum Corp Share Price Today: Why HINDPETRO Is Falling 2.24% | 7 October 2026 — 7 October 2026
- Why HINDPETRO Shares Are Rising 2.53% Today: Volume Analysis | 6 October 2026 — 6 October 2026
More Hindustan Petroleum Corp news and dated analysis →
Frequently Asked Questions
What is the latest Hindustan Petroleum Corp company news?
Hindustan Petroleum Corporation reported revenue from operations of ₹1,39,140 crore for the quarter ended September 30, 2026, compared to ₹1,10,323 crore in the corresponding period of the previous year. Standalone net profit for the quarter stood at ₹3,483 crore, while Gross Refining Margin before export cess was reported at US$ 32.15 per barrel. Crude throughput reached 6.20 MMT, operating at 100% capacity during the quarter.
How strong was Hindustan Petroleum Corp’s trading volume?
27.51 lakh shares traded, 0.57 times the 20-day average daily volume. The price and volume data are dated 22 October 2026 · 03:30 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.