Chennai Petroleum Stock Surges Amid High Trading Volume, Indicating Strong Market Interest

Chennai Petroleum Corporation Ltd (symbol: CHENNPETRO) has emerged as one of the most active stocks today, reflecting significant trading activity in the oil industry. The company reported a total traded volume of 4,851,621 shares, with a total traded value of approximately Rs 34,140.86 lakhs. The stock opened at Rs 682.4 and reached a day high of Rs 718.4, marking a notable increase of 5.38% during the trading session. The last traded price (LTP) stands at Rs 696.0.
Chennai Petroleum has outperformed its sector by 2.92%, continuing a positive trend with consecutive gains over the last two days, resulting in a total return of 2.81% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company boasts a high dividend yield of 8.08% at the current price, further enhancing its appeal.

With a market capitalization of Rs 10,389.55 crore, Chennai Petroleum Corporation demonstrates robust liquidity, making it suitable for significant trade sizes. Overall, the stock's performance today reflects a solid position within the mid-cap oil sector.