Chennai Petroleum Corporation Shows High Trading Activity Amid Oil Sector Volatility

Mar 11 2025 02:00 PM IST
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Chennai Petroleum Corporation Ltd has shown significant trading activity, with a total volume of over 13.6 million shares and a market capitalization of Rs 8,201.30 crore. The stock demonstrated notable volatility and resilience in the oil exploration and refinery sector, attracting attention from investors.
Chennai Petroleum Corporation Ltd (CHENNPETRO) has emerged as one of the most active stocks today, reflecting significant trading activity in the oil exploration and refinery sector. The company reported a total traded volume of 13,675,307 shares, with a total traded value of approximately Rs 748.29 crore. The stock opened at Rs 503.50 and reached an intraday high of Rs 561.00, marking a notable increase of 9.35%. However, it also experienced a low of Rs 500.05 during the trading session.

Chennai Petroleum's performance today outpaced its sector by 7.22%, showcasing its resilience in a competitive market. The stock's wide trading range of Rs 60.95 indicates substantial volatility, while the weighted average price suggests that more volume was traded closer to the lower end of this range. Additionally, the stock is currently yielding a high dividend of 10.74%, which may attract attention from income-focused investors.

With a market capitalization of Rs 8,201.30 crore, Chennai Petroleum Corporation continues to demonstrate robust liquidity, making it suitable for larger trade sizes. Overall, the stock's performance today reflects a dynamic trading environment, underscoring its active role in the mid-cap segment of the oil exploration and refinery industry.
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