CPCL Stock Surges 5.28% and Hits New High Amid Strong Performance in Oil Industry
Chennai Petroleum Corporation (CPCL) has seen a 5.28% increase in its stock price on February 19, 2024, reaching a new 52-week and all-time high of Rs.1004.8. The stock has outperformed the sector by 4.94% and is trading above its moving averages, indicating a positive trend. CPCL has also shown strong performance compared to the Sensex, making it a stock to watch in the oil exploration/refineries industry.
Chennai Petroleum Corporation (CPCL) has seen a positive surge in its stock price, gaining 5.28% on February 19, 2024. The stock has been performing well in the oil exploration/refineries industry, with a midcap size. MarketsMOJO has given a 'Hold' call for the stock, indicating a neutral stance.
On this day, CPCL hit a new 52-week and all-time high of Rs.1004.8, showing a strong performance. It has also outperformed the sector by 4.94%, with a high volatility of 6.67%. The stock has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.
In comparison to the Sensex, CPCL has shown a 1-day performance of 3.24% while the Sensex has only gained 0.08%. Similarly, in the past month, CPCL has outperformed the Sensex with a 10.12% growth compared to the Sensex's 1.12% growth.
With these positive numbers, CPCL continues to show a strong performance in the oil exploration/refineries industry. Investors can keep a close eye on the stock as it continues to make strides in the market.
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