Chennai Petroleum Corporation Ltd up by 6.52% - Traders Corners | Espresso

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Espresso shot of the day – Chennai Petroleum Corporation Ltd up by 6.52 percent

May 21, 2021
Espresso shot of the day – Chennai Petroleum Corporation Ltd up by 6.52 percent

CHENNAI PETROLEUM CORPORATION LTD 129.10 (+6.52%) BSE – INE178A01016 | 21ST MAY 2021

Chennai Petroleum Corporation Limited (CPCL), one of the leading group companies of IndianOil’s, was conceived in 1960s as a 2.5 million metric tonnes per annum (MMTPA) refinery designed to produce fuels and lubes base stock. At CPCL, the past five decades have an eventful, growth-oriented phase as the CPCL family built the organisation to reach the present stature of 10.5 MMTPA capacity. Today, CPCL stands tall among the public-sector refining companies in India, with one of the most complex refineries of its kind in the country, producing an array of value-added petroleum products. It also pioneered key initiatives in several areas such as process optimisation, technology absorption, energy conservation, waste land reclamation and environment management.

Recent Drivers

  • On May 18, 2021, The Public Enterprises Selection Board (PESB) has picked Arvind Kumar as managing director of Chennai Petroleum Corporation Limited.
  • The Chennai Petroleum Corporation Limited has begun work to set up an oxygen compression and cylinder filling plant in its Manali Refinery. The facility will become fully operational soon. “We expect the trial run by the first week of June and supply is likely to commence by June 15. The contractor has to provide the necessary cylinders for bottling as well,” a source explained.
  • The Chennai Petroleum Corporation Limited reported quarterly net profit at Rs 231.79 crores in March 2021 up 114.15% from Rs -1,637.56 crores in March 2020.
  • The Chennai Petroleum Corporation Limited reported net sales at Rs 14,705.48 crores in March 2021 up 71.3% from Rs 8,584.65 crores in March 2020.


 (Sources: Moneycontrol, The Hindu, The Hindu Business Line)

Technical Force*

  • S&P BSE 500 month till date gain up by 4.46%
  • Spurt in volume by more than 3.69 times compare to previous volume. 3 months avg. volume of : 1,10,592
  • Quantity traded: 5,16,126 | Deliverable quantity: 2,32,754 (45.10%)
  • Stock price has jumped more than 170 % from one year low level: 47.70 | May 27, 2020
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 132.55 | 52-week-low: 47.70

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

288.83

228.82

167.73

107.72

46.63

-

-

-

Fibonacci Pivot

228.82

182.56

153.98

135.57

107.72

79.86

61.46

32.88

-


Today’s Close

129.10

SMA

BSE

10 DAY

118.53

20 DAY

113.56

50 DAY

107.14

200 DAY

93.34

Some Key Ratios (Source: BSE)

Market Cap: 1,922.45 crores

PE: 7.60

OPM%: 3.10

ROE%: 16.68

Promoters holding%: 67.29

Prev. Close: 121.20

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.