Chennai Petroleum Corporation (CPCL) Outperforms Sector with 5.17% Gain on August 14, 2024

Chennai Petroleum Corporation (CPCL) has shown a positive performance in the stock market on August 14, 2024, with a gain of 5.17%. The stock, which belongs to the oil exploration and refineries industry, has been given a 'Hold' call by MarketsMOJO.

On this day, the stock outperformed the sector by 4.17%, reaching an intraday high of Rs 930.35, which is a 4.07% increase from the previous day's closing price. The stock's current price is also higher than its 5-day and 200-day moving averages, but lower than its 20-day, 50-day, and 100-day moving averages.

One of the notable features of Chennai Petroleum Corporation is its high dividend yield of 6.15% at the current price. This makes it an attractive option for investors looking for stable returns.

In comparison to the overall market performance, Chennai Petroleum Corporation has shown a positive trend. Its 1-day performance is 5.17%, while the Sensex's performance on the same day was -0.03%. Similarly, its 1-month performance is -10.29%, while the Sensex's performance was -1.98%.

Overall, Chennai Petroleum Corporation has shown a strong performance in the stock market, with a positive trend and outperforming the sector. With its high dividend yield and positive outlook, it remains a promising midcap company in the oil exploration and refineries industry.