Hindustan Petroleum Corporation Limited
DSP Mutual Fund took a new position in Hindustan Petroleum Corporation Limited, acquiring 2,75,04,513 shares valued at ₹1,101.48 crore, representing a 1.29% stake in the company.
One of India's largest integrated energy companies, HPCL operates across the entire petroleum value chain, engaging in crude oil refining, marketing of petroleum products, and hydrocarbon production. The company manages exploration and production blocks while maintaining a significant downstream presence through extensive fuel distribution and retail networks. Its vertically integrated business model enables operations spanning refining capacity, retail marketing infrastructure, and upstream energy exploration activities.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.