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Chennai Petroleum gains after receiving Navratna status

(22-Jun-26   13:43)

The announcement snapped the stock's four-session losing streak. The scrip had declined 9.32% to end at Rs 1,098.30 on Friday (19 June 2025), from its recent closing high of Rs 1,211.15 recorded on 15 June 2026.

The stock hit a 52-week high of Rs 1,249 on 10 June 2026. The stock hit a 52-week low of Rs 609.10 on 20 June 2025.

The stock outperformed the market over the past one month, jumping 10.12% compared with 2.54% increase in the Sensex.

The counter also outperformed the market in the past three months, gaining 4.62% compared with a 2.75% decline in the Sensex.

On the technical front, the stock's RSI (14) was currently at 38.801. An RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.

Chennai Petroleum Corporation is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.

The company's consolidated net profit surged 211.11% to Rs 1400 crore in Q4 FY26 compared with Rs 450 crore in Q4 FY25. Revenue from operations fell 0.61% to Rs 20,455 crore in Q4 FY26.

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