Chennai Petroleum Corporation Hits Day High with 7.12% Surge

Chennai Petroleum Corporation has shown significant activity today, achieving a notable intraday high of Rs. 948, marking a 7.12% increase. This performance is particularly impressive as it outperformed the sector by 7.07%. The stock has been on a positive trajectory, gaining for the last two days and accumulating a total return of 16.88% during this period.
In terms of moving averages, Chennai Petroleum Corporation is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past month, the stock has surged by 24.94%, significantly outpacing the Sensex, which has only seen a 3.96% increase in the same timeframe.

Year-to-date, Chennai Petroleum Corporation has delivered a remarkable performance with a 50.82% increase, while the Sensex has risen by 7.74%. Over the longer term, the stock has demonstrated exceptional growth, with a staggering 1128.14% increase over the past five years compared to the Sensex's 112.52%. This performance underscores the company's strong position within the oil industry as a small-cap player.