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Chennai Petroleum Gains 7%; BSE OIL & GAS Index Up 0.2%
Tue, 9 Jul 9:59

Chennai Petroleum Gains 7%; BSE OIL & GAS Index Up 0.2%Image source: Sakorn BernardaSv/www.istockphoto.com

Chennai Petroleum share price has zoomed 7% and is presently trading at Rs 1,036.0.

Meanwhile, the BSE OIL & GAS index is at 30,512.5 (up 0.2%).

Among the top gainers in the BSE OIL & GAS index today are ADANI TOTAL GAS (up 2.6%) and IOC (up 1.0%).

Indraprastha Gas (down 0.8%) and ONGC (down 0.7%) are among the top losers today.

Over the last one year, Chennai Petroleum has moved up from Rs 427.7 to Rs 1,036.0, registering a gain of Rs 608.3 (up 142.2%).

On the other hand, the BSE OIL & GAS index has moved up from 18,695.0 to 30,512.5, registering a gain of 63.2% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 116.3%), ONGC (up 82.7%) and IOC (up 80.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,120.6 (up 0.2%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 4.4%) and MUNDRA PORT & SEZ (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,362.4 (up 0.2%). Maruti Suzuki and MUNDRA PORT & SEZ are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,446.0 to 80,120.6, registering a gain of 14,674.6 points (up 22.4%).

Chennai Petroleum Financial Update...

Chennai Petroleum net profit fell 39.0% YoY to Rs 6,124 million for the quarter ended March 2024, compared to a profit of Rs 10,042 million a year ago. Net sales declined 2.5% to Rs 208,230 million during the period as against Rs 213,501 million in January-March 2023.

For the year ended March 2023, Chennai Petroleum reported 161.2% increase in net profit to Rs 35,315 million compared to net profit of Rs 13,520 million during FY22. Revenue of the company grew 138.1% to Rs 625,611 million during FY23.

The current Price to earnings ratio of Chennai Petroleum, based on rolling 12 month earnings, stands at 5.7.


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