Dividend Stocks: Share of Chennai Petroleum Corporation Ltd (NSE: CHENNPETRO), a subsidiary of Indian Oil, showed a strong buying trend. The record date of its dividend is very close.
Due to this, the share jumped more than 17 percent to a record high on great buying. Some investors took advantage of this boom, but the shares are still very strong.
Yesterday its share closed at Rs 1213.10 with a gain of 11.65 per cent on the BSE. Intra-day it had jumped 17.25 percent to Rs 1274.00, a record high for its shares.
What Is The Record Date For Chennai Petroleum’s Dividend?
Chennai Petroleum Corporation Ltd announced a strong final dividend of 55 rupees per share and the price of 10 rupees for its fiscal year 2023 to 24, which was announced in April.
For the previous year 2023, the company had announced a dividend of Rs 27, which means this time the dividend is almost double.
For this reason, investors rushed to the share. The record date for this dividend has been fixed as July 19.
The company is distributing a dividend of Rs 819 crore, which is about 30 percent of its profit of Rs 2711 crore in the financial year 2024.
What Is The Trend Of Brokerage?
Usually, investors invest money in breakout stocks. However, it is also possible that the breakout fails.
If this happens, there is a fear of investor capital sinking.
This has happened in Chennai Petroleum Corporation Ltd before, so instead of taking advantage of the current boom, it is right to wait a little longer.
The top expert said that instead of investing now, wait for a slight decline and buy at the price of Rs 1110. Keep a stop loss at the level of Rs 960 and keep a target of Rs 1355.
Chennai Petroleum Corporation Ltd Stock Performance
| Current Price | ₹ 1,212 |
| 52-wk High | ₹ 1,275 |
| 52-wk Low | ₹ 347 |
| 5 Days Return | 18.83% |
| 1 Month Return | 22.75% |
Key Fundamentals Parameters
| Market Cap | ₹ 18,050 Cr. |
| Stock P/E | 6.66 |
| Book Value | ₹ 577 |
| Dividend | 4.54 % |
| ROCE | 35.4 % |
| ROE | 36.5 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.10 |
| OPM | 6.78 % |
| EPS | ₹ 182 |
| Debt | ₹ 2,786 Cr. |
| Debt to Equity | 0.32 |
Chennai Petroleum Corporation Ltd Shareholding Pattern
| Promoters Holding | |
| June 2023 | 67.29% |
| Sept 2023 | 67.29% |
| Dec 2023 | 67.29% |
| Mar 2024 | 67.29% |
| Jun 2024 | 67.29% |
| FII Holding | |
| Jun 2023 | 8.49% |
| Sep 2023 | 11.37% |
| Dec 2023 | 14.70% |
| Mar 2024 | 15.86% |
| Jun 2024 | 15.77% |
| DII Holding | |
| Jun 2023 | 1.97% |
| Sep 2023 | 1.76% |
| Dec 2023 | 1.24% |
| Mar 2024 | 0.75% |
| Jun 2024 | 0.79% |
| Govt. Holding | |
| Jun 2023 | 0.00% |
| Sep 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Mar 2024 | 0.00% |
| Jun 2024 | 0.00% |
| Public Holding | |
| Jun 2023 | 22.25% |
| Sep 2023 | 19.59% |
| Dec 2023 | 16.78% |
| Mar 2024 | 16.11% |
| Jun 2024 | 16.14% |
Chennai Petroleum Corporation Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 36,973 Cr |
| 2021 | ₹ 22,222 Cr |
| 2022 | ₹ 43,068 Cr |
| 2023 | ₹ 76,271 Cr |
| 2024 | ₹ 66,024 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ -2,078 Cr |
| 2021 | ₹ 238 Cr |
| 2022 | ₹ 1,342 Cr |
| 2023 | ₹ 3,534 Cr |
| 2024 | ₹ 2,711 Cr |
Conclusion
This article provides a detail guide about Chennai Petroleum Corporation Ltd share.
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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