Chennai Petroleum Corporation Ltd Share Price (CHENNPETRO)

Chennai Petroleum Corp's Low P/E Ratio May Indicate a Strong Buy Opportunity - 20 Apr, 2024

Chennai Petroleum Corporation Ltd's low P/E ratio of 4.5x compared to the Indian market average may make it an attractive buy, despite its recent decline in earnings. However, many are expecting this trend to continue, which has kept the P/E ratio low.

Khanna Reduces Stake in Chennai Petroleum Corporation - 10 Apr, 2024

Investor Renuka Ramnath Khanna has reduced her stake in Chennai Petroleum Corporation to 1.09% by offloading 3,42,500 shares during Q4FY24.

Chennai Petroleum Corporation Ltd Reports Strong Q3FY24 Results - 03 Apr, 2024

Chennai Petroleum Corporation Ltd has reported a revenue growth of 8.23% YoY in Q3FY24, accompanied by profits of Rs. 360 Crores. The stock has delivered multi-bagger returns of 280% in a year and has a low PEG ratio of 0.14.

Public Companies See Gain in Holdings Value of Chennai Petroleum Corp - 30 Mar, 2024

Chennai Petroleum Corporation Ltd's stock jumped 3.3% last week, resulting in a gain in holdings value for public companies who are among its largest shareholders. Indian Oil Corporation Limited holds the largest stake at 52%, indicating that public companies have a significant say in management and business strategy.

Indian Oil Board Approves Revised Cost and Stake in Refinery Project JV with CPCL - 28 Mar, 2024

The Indian Oil board has approved a revision in the cost of the CBRPL project and a change in the capital structure of the joint venture with Chennai Petroleum Corporation Ltd (CPCL). The latter will now hold only a 25% stake in the JV, while Indian Oil will hold 75%. The move comes as the cost of the Nagapattinam refinery project was revised upwards by ₹3,662 crore.