CPCL’s Q1 net profit drops 38% to ₹343 crore, revenue rises to ₹20,361 crore, GRM at $6.33/bbl.

Chennai Petroleum Q1 standalone net dips 38% to ₹343 cr.

Chennai Petroleum Corporation Ltd (CPCL) has reported a decline in net profit for the June 2024 quarter amid an improvement in physical performance.

CPCL Q1 results: Net profit declines to ₹343 crore

Chennai Petroleum Corporation consolidated net profit declines 35.84% in the June 2024 quarter

Bharat Bijlee Ltd, Aarti Pharmalabs Ltd, Jindal Stainless Ltd and Persistent Systems Ltd are among the other losers in the BSE’s ‘A’ group today, 19 July 2024.

Chennai Petroleum Corporation Ltd leads losers in ‘A’ group

Chennai Petroleum Corporation Ltd (CPCL) plans to undertake a few new projects to expand its portfolio and revenue streams and maintain competitive edge and sustainable growth.

CPCL to undertake new projects to expand portfolio, revenue streams

Camlin Fine Sciences Ltd, NOCIL Ltd, Hatsun Agro Product Ltd and Tata Teleservices (Maharashtra) Ltd are among the other gainers in the BSE’s ‘A’ group today, 16 July 2024.

Chennai Petroleum Corporation Ltd leads gainers in ‘A’ group

Mangalore Refinery And Petrochemicals Ltd, L T Foods Ltd, Jubilant Ingrevia Ltd and Chennai Petroleum Corporation Ltd are among the other gainers in the BSE’s ‘A’ group today, 09 July 2024.

Bombay Burmah Trading Corporation Ltd leads gainers in ‘A’ group

BreakOUT Bull Run: Chennai Petro & Power Grid Soar
In today's market update, we're witnessing a phenomenal surge in stocks! Chennai Petroleum Corporation Limited has shattered records, hitting an all-time high, showcasing a robust bounce from the 20-day Simple Moving Average (SMA). This BreakOUT moment indicates a strong buying momentum. Similarly, Power Grid Corporation of India is not far behind with its range breakout and rebound from the 20 SMA, complemented by a significant long buildup. 

Watch this video for more


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Did You Spot These BreakOUT & BreakDOWN Stocks Today? | Stock Market

Chennai Petroleum Corporation’s crude throughput rose 9.12% sequentially to 3.087 million tonnes compared to 2.829 million tonnes in the previous quarter.

Chennai Petroleum Q4 Results: Profit Rises 72%, Revenue At Rs 17,720 Crore

For removing the oil traces from the water surface, the CPCL said around 20,000 absorbent pads have been used.

Chennai Petroleum Mobilises Four Agencies From Chennai, Mumbai, Paradip To Clear Oil Slick

Dolly Khanna purchased a one per cent stake in Prakash Industries Limited during the September quarter. She now owns a 3.24 per cent stake in this company.

Prakash Industries To Chennai Petroleum Corporation, Dolly Khanna’s Multibagger Stocks - News18

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Chennai Petroleum Corporation Limited (CPCL) is a company, which offers high speed diesel (HSD) and motor spirit (MS). The Company operates in the downstream petroleum sector.

Chennai Petroleum Corporation Ltd