Chennai Petroleum Corporation (CPC) Shines in Stock Market with Impressive Gains and Positive Trend

Chennai Petroleum Corporation (CPC) has shown a strong performance in the stock market, gaining 6.56% on October 17, 2024. The company, which operates in the oil exploration and refineries industry, has been recommended as a 'Hold' by MarketsMOJO.

CPC's stock has outperformed the sector by 5.72% and has been on a consecutive gain for the last two days, with a 10.54% increase in returns during this period. The stock also touched an intraday high of Rs 991.95, showing a 6.62% increase.

The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, CPC offers a high dividend yield of 5.91% at its current price.

In comparison to the Sensex, CPC's 1-day performance has been 6.66%, while the Sensex has shown a -0.25% performance. Similarly, in the last month, CPC's performance has been 13.52%, while the Sensex has shown a -2.15% performance.

CPC, a midcap company, has been consistently performing well in the stock market and has shown a strong potential for growth. With its current performance and positive trend, CPC is a stock to watch out for in the oil exploration and refineries industry.