Chennai Petroleum Corporation Ltd Trades 1,400,610 Shares, Total Value Hits Rs 14,534.69 Lakhs

Chennai Petroleum Corporation Ltd (CHENNPETRO) has emerged as one of the most active stocks today, reflecting significant trading activity in the oil sector. The company reported a total traded volume of 1,400,610 shares, with a total traded value of approximately Rs 14,534.69 lakhs. The stock opened at Rs 1,022.0 and reached a new 52-week high of Rs 1,048.0, marking a 3.12% increase during the trading session.
Chennai Petroleum's performance has outpaced its sector, delivering a 1.67% return compared to the oil industry's average. Over the past two days, the stock has shown a consecutive gain, rising by 6.92%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a notable decline in investor participation, with delivery volume dropping by 39.15% compared to the 5-day average. Despite this, the stock remains liquid enough for trades, with a market capitalization of Rs 15,123.00 crore, classifying it as a small-cap company. Overall, Chennai Petroleum Corporation Ltd continues to demonstrate robust performance metrics in a competitive market landscape.