Chennai Petroleum Corporation Hits 52-Week Low Amid Broader Sector Decline

Mar 03 2025 10:05 AM IST
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Chennai Petroleum Corporation has reached a new 52-week low, continuing a downward trend with a significant decline over the past four days. The stock's performance today included intraday fluctuations, and it is currently trading below multiple moving averages. The company offers a high dividend yield despite its recent struggles.
Chennai Petroleum Corporation, a midcap player in the oil exploration and refining industry, has experienced significant activity today, reaching a new 52-week low of Rs. 440.6. This decline marks a continuation of a downward trend, with the stock losing 12.56% over the past four days. Today's performance was in line with the sector, which has also seen a decrease of 2.13%.

Intraday trading saw the stock hit a high of Rs. 461.45, reflecting a modest gain of 2.12%, before settling at its low of Rs. 440.6, down 2.49% for the day. Notably, Chennai Petroleum Corporation is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its price action.

Despite the recent struggles, the company offers a high dividend yield of 12.17% at the current price. Over the past year, Chennai Petroleum Corporation has faced a substantial decline of 51.20%, contrasting sharply with the Sensex, which has only dipped by 1.28% during the same period.
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