Chennai Petroleum Corporation Limited is a part of Indian Oil Corporation, which plays an important role in refining oil in India. CPCL was started in 1965 and works mainly in the downstream petroleum sector.
This means it turns the crude oil into different petroleum products. Manali Refinery can handle around 10.5 million tons of crude oil each year. This produces items like LPG, diesel, aviation fuel, kerosene, and bitumen.
Recent Stock Performance
On 6th March 2025, Chennai Petroleum Corporation Limited’s stock price ended at INR 527.05, up from INR 480.30, a jump of 11.83% in just one trading day.
Reason for the Stock Increase
Here are several reasons for this surge in Chennai Petroleum Corporation Limited's stock price:
- Market Factors: The oil and gas industry has seen some changes, and Chennai Petroleum Corporation Limited’s stock may have been affected by the broader market trends and the positive investor sentiment.
- Operational Success: It has been recognized for its efficient and complex refining method. As it creates a range of valuable petroleum products.
Financial Performance
In the quarter ending on 31st December, 2024, Chennai Petroleum Corporation Limited reported consolidated net sale of INR 15,688 crore. So this is a 9.74% drop compared to the same time last year. This company has reported a net profit of INR 20.78 crore, which is lower than the INR 365 crore profit they made in the same quarter last year.
Also, check - NLC India Share Jumps 10.87% – Strong Growth & New Projects
Future Outlook
Experts have different opinions on the Chennai Petroleum Corporation Limited’s future stock performance. Some investors believe that the price could rise in the coming year, but at the same time, others suggested caution due to the company's current financial struggles. Investors are advised to research before making any investment decisions.
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