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Chennai Petroleum Corporation Limited
Share Price Target & Analysis

NSE:CHENNPETRO

910.30

VWAP

912.40

Open

907.6

Close

919.70

High

903.05

Low

1122.50

52 Week High

905.80 ⇩
-1.80 (-0.20%)

CHENNPETRO

(OIL & GAS)
75.8% Momentum

Trending & Favourite

228.00

52 Week Low

182.07

EPS

18.57

PE

1.57

PB

Superior
Quality

Iron
Valuation

#Analysis

NSE: CHENNPETRO Share Price Financial Analysis & Valuation

Chennai Petroleum Corporation Limited (CHENNPETRO) is broadly categorized in OIL & GAS segment industry which deals in Refineries vertical. It is one of Mid Cap company with Market Capitalization of Rs 1603 (in Cr). Total number of free float shares are 14.9 (in Lacs). Chennai Petroleum Corporation Limited is listed on NSE with Exchange ID - INE178A01016 and trading code is NSE:CHENNPETRO with short name Chennai Petro.

In the past 1 year, Chennai Petroleum Corporation Limited has declared an equity dividend of Rs 2 per share. At the current share price of CHENNPETRO at Rs 905.80, this results in a dividend yield of 0.22 %.

As per the Fundamental Analysis of NSE:CHENNPETRO, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine CHENNPETRO underlying value and future prospects. All of this data is available in CHENNPETRO financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:CHENNPETRO, it is clearly understood that CHENNPETRO is Superior performer in terms of earnings and profit margins with an EPS of 182.07. NSE:CHENNPETRO book value per share as of today is 577.05. The current price to book ratio for CHENNPETRO as of May 16, 2024 is 1.57.

Valuation of the Stock: The current valuation of CHENNPETRO stock is like Iron which means currently the stock is Inexpensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of CHENNPETRO whether to BUY this stock at current valuation. The delivery percentage of CHENNPETRO is 23.09% is very crucial parameter which shows that 23.09% investors are anticipating that the price of CHENNPETRO share should go up with VWAP at 910.30.

Now, the main question is whether to BUY or SELL, NSE:CHENNPETRO at current valuation.
As per latest Analysis No. #6406:-

⇑ STRONG BUY CHENNPETRO if All Greens

⇗ BUY CHENNPETRO (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD CHENNPETRO (With Stop Loss) if only 1 Green

⇘ SELL CHENNPETRO if NO Green Indicator

NSE: CHENNPETRO Share Price Today (May 16, 2024)

(Chennai Petroleum Corporation Limited Daily Analysis on the basis of CHENNPETRO Intraday Graph & Trend)

Chennai Petroleum Corporation Limited share price moved Down by -0.20% from its previous close of Rs 907.6. CHENNPETRO stock last traded price is 905.80. CHENNPETRO share price trend is Down with a total of 532073 stocks traded till now. It has touched an intraday high of Rs 919.70 and an intraday low of Rs 903.05. The CHENNPETRO trading at 905.80, Down by Rs. -1.80, or -0.20 percent which suggests that most of the Traders are anticipating that the price of CHENNPETRO share should go Down.

NSE: CHENNPETRO Share Price Tomorrow Prediction

(Chennai Petroleum Corporation Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of CHENNPETRO)

Chennai Petroleum Corporation Limited share price moved Down by -0.20%. CHENNPETRO share price short term trend is Down. It suggests that CHENNPETRO Share Price for Tomorrow remains the same with VWAP at 910.30 will be treated as stop loss for intraday traders. Chennai Petroleum Corporation Limited Long term investors can follow the CHENNPETRO long term trend as mentiond in future forecast table.

NSE Code

NSE: CHENNPETRO

CHENNPETRO Share Price Today

 905.80

CHENNPETRO Share Price Target Prediction for 2024 ^

 794.7 - 1424.5

CHENNPETRO Share Price Target Prediction for 2025*^

 1424.5 - 1532.2

CHENNPETRO Share Price Target Prediction for 2026*^

 1532.2 - 1655.1

CHENNPETRO Share Price Target Prediction for 2027*^

 1738

CHENNPETRO Share Price Target Prediction for 2028*^

 1804

CHENNPETRO Share Price Target Prediction for 2030*^

 1985
CHENNPETRO Current Book Value 2023
574.2

*Chennai Petroleum Corporation Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^CHENNPETRO share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

CHENNPETRO Technical Analysis

Candlestick Pattern: @905.8

CHENNPETRO Moving Averages

BUY (6) NEUTRAL (0) SELL (8)
MA Simple Action S1 Expo Action E2
MA_5 877.01 BUY 897.23 BUY
MA_12 946.98 SELL 922.57 SELL
MA_20 955.79 SELL 931.04 SELL
MA_32 940.01 SELL 929.83 SELL
MA_50 919.02 SELL 918.01 SELL
MA_100 895.23 BUY 871.47 BUY
MA_200 695.66 BUY 732.77 BUY

CHENNPETRO Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 955.79 Downtrend
MACD -14.15 SELL
ADX 21.43 NO or Weak Trend
DMI (+/-) 18.92 / 25.57 Downtrend

CHENNPETRO Momentum Oscillators

BUY (4) NEUTRAL (7) SELL (1)
Momentum Oscillators Value Action
RSI 45.66 Neutral
STOCHASTIC_K (Fast) 82.95 Overbought
STOCHASTIC_D (Slow) 54.9 Neutral
CCI -47.8 Neutral
PSAR 1001.02 SELL
TRUE RANGE 16.65 Neutral
ATR 49.72 Neutral
WILLIAMS R -73.71 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 97.59 Overbought
STOCHASTIC RSI D 80.83 Overbought
MOMENTUM 10 BUY

CHENNPETRO Last 1 Year Trend

Duration Value
1 Year 194.9%
3 Months -4.02%
1 Month 1.12%
1 Week 1.3%

CHENNPETRO Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 33%
NEUTRAL / HOLD 27%
SELL 40%

Most popular Questions & Answers about CHENNPETRO


Chennai Petroleum Corporation Limited stock last traded price is 905.80. CHENNPETRO share price moved Down by -0.20% from its previous close of Rs 907.6.

Chennai Petroleum Corporation Limited share price trend is Down with a total of 532073 stocks traded till now. It has touched an intraday high of Rs 1431.695 and an intraday low of Rs 903.05. The CHENNPETRO trading at 905.80, Down by Rs. -1.80, or -0.20 percent which suggests that most of the Traders are anticipating that the price of CHENNPETRO share should go Down and the Stop Loss will be around 910.30.

The market cap of Chennai Petroleum Corporation Limited is ₹1603 (in Cr) as of May 15, 2024.

The current price to earning ratio for Chennai Petroleum Corporation Limited as of May 15, 2024 is 18.57.

The current price to book ratio for Chennai Petroleum Corporation Limited as of May 15, 2024 is 1.57.

The highest price of Chennai Petroleum Corporation Limited stock is ₹1122.50 in the last 52-week.

The lowest price of Chennai Petroleum Corporation Limited stock is ₹228.00 in the last 52-week.

Chennai Petroleum Corporation Limited share trading at ₹905.80, Down by Rs. -1.80, or -0.20 percent which suggests that most of the traders are anticipating that the price of CHENNPETRO share should go Down.

In 2023, Stock price target for Chennai Petroleum Corporation Limited (CHENNPETRO) are ₹794.7 on downside and ₹1424.5 on upside. Chennai Petroleum Corporation Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Chennai Petroleum Corporation Limited (CHENNPETRO) are ₹1424.5 on downside and ₹1532.2 on upside. Chennai Petroleum Corporation Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Chennai Petroleum Corporation Limited (CHENNPETRO) are ₹1532.2 on downside and ₹1655.1 on upside. Chennai Petroleum Corporation Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Chennai Petroleum Corporation Limited (CHENNPETRO) will be around ₹1804 Chennai Petroleum Corporation Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of CHENNPETRO.

As per the fundamental analysis of Chennai Petroleum Corporation Limited (CHENNPETRO), it is of Superior quality in terms of earnings and profit margins with an EPS of 182.07. Chennai Petroleum Corporation Limited book value per share as of today is 577.05. The current price to book ratio for CHENNPETRO as of May 16, 2024 is 1.57.


NSE:CHENNPETRO News & Other Useful Information about CHENNPETRO Share Price


Peer Comparison of NSE: CHENNPETRO

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Refineries

Company Price EPS BV
RELIANCE 2832.55 62.28 742.84
IOC 161.80 28.06 93.14
BPCL 625.05 122.96 344.39
HINDPETRO 506.70 103.58 289.23
MGL 1285.10 130.5 520.65
MRPL 210.45 20.52 75.61
CHENNPETRO 905.80 182.07 577.05
GANDHAR 222.25 0 72.27
Updated at: 15 May 2024 15:59

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