CPCL exceeded govt’s 25% MSE procurement target in FY23, procuring 38.96%. Value of MSE procurements was Rs 372.25 cr, 6.05% from SC/ST & 0.22% from women-owned MSEs. FY23 procurements through GeM portal was 57.57%. CPCL has set 25% MSE procurement target for FY24.

“Chennai Petroleum Corporation Ltd (CPCL) Exceeds Government Mandate with 38.96% of Non-Crude Supplies from MSE Vendors in FY23”

The company’s net profit declined 76% year-on-year to Rs 556.5 crore in the quarter ended June.

Chennai Petroleum Shares Fall The Most In Nine Months After A 76% Decline In Q1 Profit

Indian mutual funds purchased equities worth Rs 2,447 crore in May, compared to selling Rs 4,533 crore in April, according to IDBI Capital. In the small-cap sector, some of the major holdings added to portfolios include Jupiter Wagons, Nexus Select Trust, Carysil, Chennai Petroleum Corp and Faze thr…

Jupiter Wagons, Faze Three among top smallcap additions by MFs in May; Dollar Industries, Sirca Paints major exits

Chennai Petroleum Corporation Ltd (CPCL) managing director Arvind Kumar is among 10 in the race to become the next chairman of India’s largest oil company Indian Oil Corporation (IOC).

CPCL MD Arvind Kumar among 10 in race for Indian Oil Corporation’s top job

The short-term outlook is bullish for the stock of Chennai Petroleum Corporation Limited (CPCL)

Today’s Pick: CPCL (₹275.70): BUY

Chennai Petroleum Corporation Limited (CPCL) has produced 553.1 thousand metric tonnes (TMT) of bitumen for the year 2022-23, which is an increase of 25% as compared to last year 2021-22, when it produced 443.3 TMT of bitumen.

Chennai Petroleum Corporation Ltd sees increase in bitumen production, indicative of increase in road work in T.N.

Chennai Petroleum Corporation Ltd’s (CPCL) Manali Refinery has posted the highest throughput of 11.3 million tonnes per annum (MTPA) for FY23 against 9 MTPA in the year ago period.

Chennai Petroleum’s Manali Refinery posts record throughput in FY23

Chennai Petroleum Corporation Ltd, Jindal Worldwide Ltd, Hikal Ltd and GMR Airports Infrastructure Ltd are among the other gainers in the BSE’s ‘A’ group today, 15 March 2023.

Ramkrishna Forgings Ltd leads gainers in ‘A’ group

Chennai Petroleum Corporation Ltd and Indian Oil Corporation have completed online sealing of the crude oil pipeline to prevent any further damage following the leakage that occurred last week on the Nagore Pattinacherry coast in Tamil Nadu,

Online sealing done to prevent further damage to crude oil pipeline: CPCL

Bajaj Auto Ltd, Tata Motors Ltd, Tata Motors-DVR and Chennai Petroleum Corporation Ltd are among the other gainers in the BSE’s ‘A’ group today, 27 January 2023.

Jindal Saw Ltd leads gainers in ‘A’ group

Chennai Petroleum Corporation’s standalone net profit declined 37.5% to Rs 142.95 crore in Q3 FY23 as against Rs 228.83 crore recorded in Q3 FY22.

Chennai Petro Q3 PAT slides 37% YoY to Rs 143 cr

Price return has been average, nothing exciting

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

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