Hindustan Petroleum gains on block deal

Hindustan Petroleum Corporation (HPCL) gained 0.70% at Rs 400.10 per share on the BSE. The petro products company witnessed a total traded quantity of 1.91 lakh on the BSE. On the NSE, the stock witnessed 2.8 lakh shares traded in a block at Rs 400.35 per share. 
 
Block deal is a trade with a minimum quantity of 5 lakh shares or minimum value of Rs 5 crore, executed through a single transaction, on the special block deal window.
 
HPCL is engaged in the business of refining crude oil and marketing of petroleum products. It operates through two segments: downstream, and exploration and production of hydrocarbons. 

The company has been maintaining a dividend payout of 30.29%. On a yearly basis, the stock has given 48.68% returns.