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CHENNAI PETROLEUM Plunges by 6%; BSE OIL & GAS Index Up 0.1%

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CHENNAI PETROLEUM Plunges by 6%; BSE OIL & GAS Index Up 0.1%
Tue, 9 Jul 09:20 AM

CHENNAI PETROLEUM share price has plunged 6% and is presently trading at Rs 204.

Meanwhile, the BSE OIL & GAS Index is at 14,136 (up 0.1%).

Among the top losers in the BSE OIL & GAS Index today is CHENNAI PETROLEUM (down 6.0%).

HPCL (up 0.6%) is among the top gainer today.

Over the last one year, CHENNAI PETROLEUM has moved down from Rs 291 to Rs 204, registering a loss of Rs 87 (down 30.0%)..

The BSE OIL & GAS has moved up from 13,848 to 14,136, registering a gain of 288 points (up 2.1%) during the last 12 months.

The top gainers among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 25.6%), PETRONET LNG (up 12.9%) and INDRAPRASTHA GAS (up 11.8%).

What About the Benchmark Indices?

The BSE Sensex is at 38,754 (down 0.3%). The top gainers among the BSE Sensex stocks today are YES BANK (up 1.9%). The most traded stocks in the BSE Sensex are HDFC BANK and HERO MOTOCORP.

In the meantime, NSE Nifty is at 11,534 (down 0.5%). IOC (up 3.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,935 to 38,754, registering a gain of 2,819 points (up 7.5%).

CHENNAI PETROLEUM Financial Update...

CHENNAI PETROLEUM net profit declined 92.0% YoY to Rs 294 million for the quarter ended March 2019, compared to a loss of Rs 4 billion a year ago. Net Sales rose 6.3% to Rs 127.7 billion during the period as against Rs 120.1 billion in January-March 2018.

For the year ended March 2018, CHENNAI PETROLEUM reported 12.1% decrease in net profit to Rs 9.0 billion compared to net profit of Rs 10.2 billion during FY17.

Revenue of the company grew 8.8% to Rs 442 billion during FY18.

The current Price to earnings ratio of CHENNAI PETROLEUM, based on rolling 12 month earnings, stands at down 13.3x.

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