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Chennai Petroleum Plunges 5%; BSE OIL & GAS Index Down 2.8%
Mon, 4 Nov 10:42

Chennai Petroleum Plunges 5%; BSE OIL & GAS Index Down 2.8%Image source: CreativaImages/www.istockphoto.com

Chennai Petroleum share price has plunged 5% and is presently trading at Rs 619.4.

Meanwhile, the BSE OIL & GAS index is at 26,860.8 (down 2.8%).

Among the top losers in the BSE OIL & GAS index today are IOC (down 5.0%) and BPCL (down 3.9%).

Petronet LNG (up 1.4%) is among the top gainers today.

Over the last one year, Chennai Petroleum has moved up from Rs 575.1 to Rs 619.4, registering a gain of Rs 44.3 (up 7.7%).

On the other hand, the BSE OIL & GAS index has moved up from 18,233.1 to 26,860.8, registering a gain of 47.3% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 122.5%), BPCL (up 72.5%) and Petronet LNG (up 70.3%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,591.5 (down 1.6%).

The top losers among the BSE Sensex today are Sun Pharma (down 3.9%) and NTPC (down 3.7%). The most traded stocks in the BSE Sensex are ICICI Bank and Reliance Ind..

In the meantime, NSE Nifty is at 23,919.1 (down 1.6%). IOC and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,591.5, registering a gain of 14,716.6 points (up 23.0%).

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 13.8.


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