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In April 2023, mutual funds completely exited public sector refining company Chennai Petroleum Corporation. The stock has more than doubled since then.

MF Tracker: One of the most ‘unloved’ stocks this fiscal has surged over 110% so far

Shares of the petroleum refinery company surged 16.11% in five trading sessions from its recent closing low of Rs 412.10 on 1 September 2023.The stock hit 52-week high of Rs 492 today. The counter has soared 156.57% from its 52-week low of Rs 186.50 hit on 26 December 2022.On the BSE, 3.60 lakh shares were traded in the counter so far compared with average daily volumes of 91,360 shares in the past two weeks. The scrip had outperformed the market in past one month, advancing 27.92% as against 1.13% increase in Sensex.The scrip outperformed the market in past one quarter, jumping 32.16% as against Sensexs 5.95% rise.The counter had outperformed the market in past one year, surging 63.31% as against Sensexs 11.56% surge.On the technical front, the stocks daily RSI (relative strength index) stood at 74.189. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 407.67, 375.71 and 302.85, respectively. These levels will act as crucial support zones in near term.Chennai Petroleum Corporation (CPCL), one of the leading group companies of Indian Oil corporation, is one of the most complex refineries of its kind in the country, producing an array of value-added petroleum products. As on 30 June 2023, Indian Oil Corporation held 51.89% stake in CPCL.The companys standalone net profit slumped 76.8% to Rs 548.32 crore in Q1 FY24 as against Rs 2,358.79 crore recorded in Q1 FY23. Revenue from operations (excluding excise duty) dropped 36.3% year on year to Rs 14,744.80 crore in the quarter ended 30 June 2023.

Chennai Petro spurts 16% in five days; hits 52-week high

Chennai Petroleum Corporation Ltd fell 1.35% today to trade at Rs 350. The S&P BSE Energy index is down 0.02% to quote at 8281.85. The index is down 1.57 % over last one month. Among the other constituents of the index, Hindustan Oil Exploration Company Ltd decreased 0.99% and Reliance Industries Ltd lost 0.37% on the day. The S&P BSE Energy index went down 3.77 % over last one year compared to the 9.16% surge in benchmark SENSEX. Chennai Petroleum Corporation Ltd has lost 21.04% over last one month compared to 1.57% fall in S&P BSE Energy index and 2.36% drop in the SENSEX. On the BSE, 22082 shares were traded in the counter so far compared with average daily volumes of 1.19 lakh shares in the past one month. The stock hit a record high of Rs 458.95 on 07 Jul 2023. The stock hit a 52-week low of Rs 186.5 on 26 Dec 2022.

Chennai Petroleum Corporation Ltd Slips 1.35%

Chennai Petro Standalone June 2023 Net Sales at Rs 14,744.80 crore, down 36.34% Y-o-Y

Operating margin of Chennai Petroleum Corporation also contracted sharply to 5.3 percent in the June quarter from 12.4 percent a year ago.

Chennai Petroleum tanks 10% on sharp plunge in Q1 sales and profit

Chennai Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 24 July 2023.

Chennai Petroleum Corporation to announce Quarterly Result

Subramanian Sarma, whole-time director and senior executive vice president (Energy), hopes that the company will win 15-20% of the orders it will bid for. In India, the government should give incentives for generation and demand creation when it comes to green hydrogen, he said.

Hydrocarbon order pipeline at $20 billion, energy transition opportunities strong: L&amp;T Energy head

Chennai Petro Consolidated March 2023 Net Sales at Rs 18,008.89 crore, up 9.72% Y-o-Y

Chennai Petro Standalone March 2023 Net Sales at Rs 18,008.89 crore, up 9.72% Y-o-Y

The consistent uptrend in all five days of last week after forming a bottom around 17,550 in the previous week raised confidence among market participants

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Chennai Petroleum Corp. Ltd. engages in the manufacturing, marketing, distributing, and supplying of petroleum and other related products. It offers products such as liquefied petroleum gas, motor spirit, superior kerosene, aviation turbine fuel, high speed diesel, naphtha, bitumen, lube base stocks, paraffin wax, fuel oil, hexane, and petrochemical feed stocks. The company was founded on December 30, 1965 and is headquartered in Chennai, India.

Watchers	108
52-Wk Low	186.60
52-Wk High	549.40

Market Cap	75.97B
Volume (M)	465,695.00
52-Wk High	549.40
52-Wk Low	186.60

CHENNPETRO.NSE Chennai Petroleum Corporation Ltd.

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