See 5-7% move in HPCL: Shailesh Kadam

See 5-7% move in HPCL, says Shailesh Kadam, AVP Institutional Derivatives, PINC Research.

Kadam told CNBC-TV18, "We like HPCL a lot in the whole pack. We were in fact suggesting a lot of pair strategies buying HPCL, BPCL and selling IOC early because based on the data. But in isolation we like HPCL a lot. This stock has the potential. The way the build-ups have happened for the last few sessions the stock has the potential probably to move another 5-7% from the current levels also."

HPCL trailing 12-month (TTM) EPS was at Rs 34.67 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 10.77. The latest book value of the company is Rs 341.31 per share. At current value, the price-to-book value of the company was 1.09. The dividend yield of the company was 3.22%.