HPCL numbers are really disappointing. This a matter of concern for small shareholders as HPCL is not allowed to sell at market price and GOI don`t compensate them in time for subsidy on cooking fuel. If a company is listed in the stock market then it should be allowed to work freely and for the benefit of its all shareholders, small or big without any discriminetion. Here in this case HPCL is working for the benefit of only its largest shareholder ignoring the rights of small shareholders.Can any legal expert comment on this issue. Please advise.
One can simply make a complaint to High Court for treating it as a writ and High Court can convert the same into writ petition and will decide the case by appointing advocate at their own
I am a believer in companies ability and long term prospects. Just in the short term it is facing resistance due cooking fuel subsidy burden. As things stand right now, this issue regarding cooking fuel subsidy will be to some extent sorted our by end Feb`10 before budget. This will make this stock highly attractive and it will have spiral upward movement just like HOEC. My target for HPCL is 520 in 6 months. Its look unbelievable, but when this happen it is achievable easily. Lets wait and see how things unfold.
| NIFTY 
