CPCL Stock Sees -10.82% Decline, Reflecting Sector Performance on October 23, 2024

Chennai Petroleum Corporation (CPCL) is a midcap company in the oil exploration and refineries industry. On October 23, 2024, the company's stock saw a decline of -10.82%, closing at Rs. 784.35. This underperformance was in line with the sector, as the stock fell -10.83% compared to the sector's performance.

CPCL has been on a downward trend for the past four days, with a total loss of -16.91% during this period. The stock opened today with a gap down of -7.75% and touched an intraday low of Rs. 784.35, a decrease of -11.22%. The stock has also been highly volatile today, with an intraday volatility of 64.49%.

Currently, CPCL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock. However, the company's current price offers a high dividend yield of 6.23%.

In comparison to the Sensex, CPCL's performance over the past day and month has been -10.82% and -14.00%, respectively, while the Sensex has seen a slight increase of 0.11% and a decline of -5.44% during the same periods.

Investors are advised to hold their positions on CPCL, as recommended by MarketsMOJO. This information is based on facts and figures and does not include any external data or sources.