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Chennai Petroleum Plunges 10%; BSE OIL & GAS Index Down 0.2%
Wed, 23 Oct 9:25

Chennai Petroleum Plunges 10%; BSE OIL & GAS Index Down 0.2%Image source: DNY59/www.istockphoto.com

Chennai Petroleum share price has plunged 10% and is presently trading at Rs 791.5.

Meanwhile, the BSE OIL & GAS index is at 28,408.8 (down 0.2%).

Among the top losers in the BSE OIL & GAS index today are Petronet LNG (down 0.3%) and ONGC (down 0.1%).

Indraprastha Gas (up 0.4%) and ADANI TOTAL GAS (up 0.4%) are among the top gainers today.

Over the last one year, Chennai Petroleum has moved up from Rs 520.6 to Rs 791.5, registering a gain of Rs 271.0 (up 52.1%).

On the other hand, the BSE OIL & GAS index has moved up from 18,236.6 to 28,408.8, registering a gain of 55.8% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 142.6%), BPCL (up 88.5%) and IOC (up 76.8%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,372.7 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 3.5%) and Bajaj Finserv (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,512.0 (up 0.2%). Bajaj Finance and Bajaj Finserv are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,372.7, registering a gain of 15,800.8 points (up 24.5%).

Chennai Petroleum Financial Update...

Chennai Petroleum net profit fell 154.5% YoY to Rs -6,478 million for the quarter ended September 2024, compared to a profit of Rs 11,878 million a year ago. Net sales declined 27.9% to Rs 144,247 million during the period as against Rs 200,098 million in July-September 2023.

For the year ended March 2024, Chennai Petroleum reported 22.3% decrease in net profit to Rs 27,451 million compared to net profit of Rs 35,315 million during FY23. Revenue of the company fell 14.5% to Rs 534,989 million during FY24.

The current Price to earnings ratio of Chennai Petroleum, based on rolling 12 month earnings, stands at 17.7.


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