CHENNAI PETRO, MULTI YR BREAKOUT RETEST STOCKCHENNAI PETRO 625, tested multi year breakout levels and rebounded. Risk reaward is much favourable here for positional investor. Stock has also taken support at 200WEMA.
Quality mid cap stock in oil/gas space with attractive dividend yield too
#disclaimer: sharing view for educational purpose
Next report date
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14.40 INR
2.14 B INR
593.56 B INR
46.44 M
About CHENNAI PETROLEUM CORP LTD
Sector
Industry
CEO
H. Shankar
Website
Headquarters
Chennai
Founded
1965
ISIN
INE178A01016
FIGI
BBG000CVY438
Chennai Petroleum Corp. Ltd. engages in the manufacturing, marketing, distributing, and supplying of petroleum and other related products. It offers products such as liquefied petroleum gas, motor spirit, superior kerosene, aviation turbine fuel, high speed diesel, naphtha, bitumen, lube base stocks, paraffin wax, fuel oil, hexane, and petrochemical feed stocks. The company was founded on December 30, 1965 and is headquartered in Chennai, India.
CHENNAI PETROLEUM CORPORATION LTD#CHENNPETRO
Weekly Time Frame Technical Analysis for Chennai Petroleum (CHENNPETRO) Potential Bullish Scenario:
If the bullish engulfing candle is confirmed with subsequent positive price action, the stock could see an upward move.
A break above the recent high around ₹670-1680 could signal further
This Stock is Bouncing Back from Strong Support, Big Move ahead.Hello everyone , i hope you all will be doing good in your life and your trading as well. Today i have brought an idea on Chennai Petroleum which is Looking fantastic on chart. Let's analyse this and find opportunity for short term to long term.
Looking at the weekly chart of Chennai Petroleum Corp
Chennai Petro: Breakout at 480, Eyeing Strong UpsideDetails:
Asset: Chennai Petroleum Corporation Ltd (CPCL)
Breakout Level: 480
Current Price: 555
Potential Target: Higher levels based on sustained momentum
Stop Loss: Below 540 or as per risk tolerance
Timeframe: Medium-term
Rationale: CPCL has given a breakout at 480 and is currently sustaining wel
CPCL Made RSI Bullish Divergence From a Key Level NSE:CHENNPETRO today made a good upmove with good volumes from previous key breakout levels in Sep 2023 with RSI Bullish Divergence on Daily Charts on Back of TVC:UKOIL going below 70 Dollars.
About:
NSE:CHENNPETRO is in the business of refining crude oil to produce & supply various petrol
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of CHENNPETRO is 626.85 INR — it has increased by 0.39% in the past 24 hours. Watch CHENNAI PETROLEUM CORP LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange CHENNAI PETROLEUM CORP LTD stocks are traded under the ticker CHENNPETRO.
CHENNPETRO stock has fallen by −0.62% compared to the previous week, the month change is a 1.44% rise, over the last year CHENNAI PETROLEUM CORP LTD has showed a −27.95% decrease.
We've gathered analysts' opinions on CHENNAI PETROLEUM CORP LTD future price: according to them, CHENNPETRO price has a max estimate of 790.00 INR and a min estimate of 645.00 INR. Watch CHENNPETRO chart and read a more detailed CHENNAI PETROLEUM CORP LTD stock forecast: see what analysts think of CHENNAI PETROLEUM CORP LTD and suggest that you do with its stocks.
CHENNPETRO reached its all-time high on Jul 16, 2024 with the price of 1,275.00 INR, and its all-time low was 17.55 INR and was reached on Sep 17, 2001. View more price dynamics on CHENNPETRO chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
CHENNPETRO stock is 1.40% volatile and has beta coefficient of 1.44. Track CHENNAI PETROLEUM CORP LTD stock price on the chart and check out the list of the most volatile stocks — is CHENNAI PETROLEUM CORP LTD there?
Today CHENNAI PETROLEUM CORP LTD has the market capitalization of 92.48 B, it has increased by 0.89% over the last week.
Yes, you can track CHENNAI PETROLEUM CORP LTD financials in yearly and quarterly reports right on TradingView.
CHENNAI PETROLEUM CORP LTD is going to release the next earnings report on Jul 28, 2025. Keep track of upcoming events with our Earnings Calendar.
CHENNPETRO net income for the last quarter is 4.70 B INR, while the quarter before that showed 207.80 M INR of net income which accounts for 2.16 K% change. Track more CHENNAI PETROLEUM CORP LTD financial stats to get the full picture.
Yes, CHENNPETRO dividends are paid annually. The last dividend per share was 55.00 INR. As of today, Dividend Yield (TTM)% is 8.86%. Tracking CHENNAI PETROLEUM CORP LTD dividends might help you take more informed decisions.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. CHENNAI PETROLEUM CORP LTD EBITDA is 10.16 B INR, and current EBITDA margin is 1.71%. See more stats in CHENNAI PETROLEUM CORP LTD financial statements.
Like other stocks, CHENNPETRO shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade CHENNAI PETROLEUM CORP LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So CHENNAI PETROLEUM CORP LTD technincal analysis shows the buy rating today, and its 1 week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating CHENNAI PETROLEUM CORP LTD stock shows the neutral signal. See more of CHENNAI PETROLEUM CORP LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.