Chennai Petroleum Corporation Sees Surge in Trading Activity and Strong Performance Metrics

Chennai Petroleum Corporation Ltd (CHENNPETRO) has emerged as one of the most active equities today, reflecting significant trading activity in the oil sector. The stock recorded a total traded volume of 1,912,876 shares, with a total traded value of approximately Rs 13,737.51 lakhs. Opening at Rs 703.0, the stock reached a day high of Rs 727.0 before settling at a last traded price of Rs 723.85.
In terms of performance, Chennai Petroleum has outperformed its sector by 1.89%, marking a notable achievement. The stock has shown consistent gains over the past three days, accumulating a return of 5.12% during this period. Notably, the stock's intraday high was Rs 715.4, reflecting a 2.1% increase.

Chennai Petroleum's liquidity remains robust, with a delivery volume of 14.04 lakhs on July 2, which is a significant 98.36% increase compared to the five-day average. The company boasts a high dividend yield of 7.85% at the current price, further enhancing its appeal in the mid-cap oil industry. Overall, Chennai Petroleum Corporation Ltd continues to demonstrate strong performance metrics and market activity.