Chennai Petroleum Corporation Shows Signs of Recovery Amid Sector Gains

Chennai Petroleum Corporation has shown significant activity today, gaining 5.3% on May 12, 2025. The stock outperformed its sector by 1.69%, marking a trend reversal after two consecutive days of decline. It opened with a notable gain of 3.47% and reached an intraday high of Rs 618.6, reflecting a 5.05% increase. In terms of moving averages, the stock is currently above its 5-day, 50-day, and 100-day moving averages, although it remains below the 20-day and 200-day moving averages. The oil exploration and refineries sector has also seen positive movement, gaining 3.25% today. Chennai Petroleum Corporation boasts a high dividend yield of 9.34% at its current price. Over the past three months, the stock has appreciated by 23.63%, significantly outperforming the Sensex, which has risen by 7.14% during the same period. However, the stock has faced challenges over the past year, declining by 27.48%, while the Sensex has gained 12.31%. Overall, the stock's performance reflects a complex landscape within the midcap oil sector.