The company has received two contract in consortia with Oil India, Prize Petroleum and other private company from government of India in the recently concluded bidding for discovered small field bids round.
HOEC MD P Elango says FY16 has been a good year for the company and its cash on books has increased to Rs 75 crore from Rs 28 crore.
Investors lapped up shares of Hindustan Oil Exploration Company (HOEC) on Tuesday. The stock rallied 17 percent intraday after sources told CNBC-TV18 that Sun Pharma's promoter may pick up major stake in company.
HOEC (up 17 percent), Sun Pharma, SBI, GSFC (up 20 percent), SKS Microfinance, Bharti Airtel, IDFC and HDFC were most active shares on exchanges.
Hindustan Oil Exploration Company has reported a standalone sales turnover of Rs 17.75 crore and a net loss of Rs 15.03 crore for the quarter ended Dec '13
Hindustan Oil Exploration Company has reported a sales standalone turnover of Rs 14.11 crore and a net profit of Rs 24.58 crore for the quarter ended Sep '13
Ashoka Buildcon | Ess Dee Aluminium | Hexaware Technologies | United Spirits | Tilaknagar Industries | Unitech | Financial Technologies | TCS | Eros International | Hanung Toys | Tata Motors and Maruti are stocks, which are in the news today.
ING Vysya Bank | HOEC | L&T Finance Holding | Best Eastern | United Spirits | Indiabulls Housing Finance | Vascon Engineering | Bayer Cropscience | JSPL | Jet Airways and Fresenius Kabi are stocks, which are in the news today.
HOEC's net sales dropped 42.16 percent year-on-year and 53.55 percent quarter-on-quarter to Rs 15.5 crore during the June quarter.
Sudarshan Sukhani of s2analytics.com advises to avoid Orbit Corp and Hindustan Oil Exploration Company (HOEC) at current levels.
Buying opportunity is seen in HOEC, says Sudarshan Sukhani of s2analytics.com.
Technical analyst, Sudarshan Sukhani, s2analytics.com recommended traders to keep a stop loss at 5,500 if they wish to go long.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com picks Deepak Nitrite and Hindustan Oil Exploration Company (HOEC) as his multibaggers. He expects Deepak Nitrite to touch Rs 320 and HOEC Rs 85 in the next twelve months
Technical analyst, Sudarshan Sukhani, s2analytics.com said that this is a rally in an ongoing down move and because of the Budget this rally could extend more than a normal correction would.
SP Tulsian, sptulsian.com advises traders to buy HOEC around Rs 70-72 for a price target of Rs 100.
Hindustan Oil Exploration Company (HOEC) fell nearly 3 percent intraday on Friday due to profit booking. While clarifying on stake sale news, the company says they cannot comment on speculative reports of stake sale.
ENI is looking to sell its 47.2 percent stake in Hindustan Oil Exploration (HOEC) to US based Anadrako Petroleum, reports Business Standard. At 09:16 hrs Hindustan Oil Exploration Company was quoting at Rs 106.45, up Rs 5.75, or 5.71%.
Hotel Leela | SpiceJet | HOEC | Cholamandalam Investment | Nalco | Manaksia | Bayer | 3i Infotech and PC Jeweller are stocks, which are in the news today.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Aban Offshore. However, HOEC is worth buying.
Sudarshan Sukhani of s2analytics.com says, the market has gone into a narrow grove.
MTNL has target of Rs 27, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com feels that Hindustan Oil Exploration Company (HOEC) will go down significantly.
Hindustan Oil Exploration Company (HOEC) gained as much as 2.9% intraday on Wednesday as the company has successfully conducted drill stem tests (DST) in gas bearing sands of the appraisal well Dirok-4.
JSPL | Kingfisher Airlines | ACC | Ambuja Cements | GMR | GVK | HOEC | Godrej Properties | MTNL | NMDC | Gabriel India and Hero Motocorp are stocks, which are in the news today.
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