Latest news with #ChennaiPetroleumCorporation
Mint
a day ago
- Business
- Mint
Oil stock Chennai Petroleum declares ₹5 per share final dividend for FY25. Record date, other details
Chennai Petroleum Corporation on Friday, July 18, announced the record date for the final dividend announced by the company for FY25 in April this year. The oil company has set Friday, August 1, 2025, as the record date to ascertain eligibility for the final equity dividend of ₹ 5 per share for the fiscal year 2024-25. This dividend, proposed by the Board of Directors on April 25, 2025, awaits approval from the members at the forthcoming Annual General Meeting (AGM). The proposed final dividend of ₹ 5 per equity share, representing 50% of the paid-up equity share capital, requires approval from shareholders at the upcoming AGM. If it receives approval, the dividend will be distributed to eligible members within 30 days following the AGM. As stated in the exchange filing, under the Income Tax Act of 1961, dividends received by shareholders are subject to taxation. CPCL must withhold tax at the source (TDS) when distributing dividends. Shareholders are urged to submit the necessary documents by Wednesday, August 13, 2025, so that the company can establish the correct TDS rate. Comprehensive details regarding TDS on dividends can be found on the company's website. Chennai Petroleum Corporation Limited is an enterprise owned by the Government of India and is a subsidiary of Indian Oil Corporation Ltd (IOCL). Chennai Petroleum share price today opened at ₹ 751.40 apiece; the stock touched an intraday high of ₹ 768.15 per share, and an intraday low of ₹ 744.55 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, since forming a strong bullish candle on 4th July, the stock has been consolidating within its range of ₹ 710–780. 'Even today, prices opened positively but lacked follow-through buying. A decisive move beyond this range could trigger the next momentum,' Bhosale said.
Mint
09-07-2025
- Business
- Mint
Dolly Khanna portfolio: Ace investor books profit in THIS BSE 500 stock in Q1FY26; do you own?
Ace investor Dolly Khanna booked some profits in BSE 500 stock Chennai Petroleum Corporation during the June quarter of the current financial year (Q1FY26), amid market volatility and the stock's relatively strong performance in the quarter. (This is a developing story. Please check back for fresh updates.)
Mint
24-06-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 24 June 2025
Breakout stocks buy or sell: The Indian stock market faced sharp declines in early trading on Monday, June 23, with the Sensex plunging over 900 points and the Nifty 50 slipping below the 24,850 mark due to widespread selling triggered amid Israel-Iran war. The Sensex began the day at 81,704.07, down from its previous close of 82,408.17, and hit an intraday low of 81,476.76—registering a fall of over 900 points or more than 1 per cent. Similarly, the Nifty 50 opened at 24,939.75 compared to its prior close of 25,112.40 and slid over 1 per cent to touch a low of 24,824.85 during the session. However, both indices recovered some ground by the close, trimming losses to end roughly half a per cent lower each. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious as the Nifty 50 index once again slipped below 25,000 after a sharp rally in Friday. Speaking on the outlook of Indian stock market, Bagadia said, ' The benchmark index is facing strong hurdle at 25,200 to 25,250 levels, while it has made strong support at 24,800 to 24,750. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Supreme Petrochem, Chennai Petroleum Corporation, AGI Infra, ideaForge Technology, and SRM Contractors. 1] Supreme Petrochem: Buy at ₹ 887.45, target ₹ 950, stop loss ₹ 855; 2] Chennai Petroleum Corporation: Buy at ₹ 702.35, target ₹ 750, stop loss ₹ 675; 3] AGI Infra: Buy at ₹ 987.95, target ₹ 1050, stop loss ₹ 950; 4] ideaForge Technology: Buy at ₹ 631.05, target ₹ 670, stop loss ₹ 610; 5] SRM Contractors: Buy at ₹ 480.25, target ₹ 515, stop loss ₹ 460. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
04-06-2025
- Business
- Business Standard
Chennai Petroleum Corporation re-enters direct fuel retail segment
Earmarks Rs 400 cr for setting up retail outlets The setting up of retail outlets for the sale of petrol and diesel has been initiated by Chennai Petroleum Corporation (CPCL), marking its re-entry into the direct fuel retail segment nearly two decades after its earlier exit. Approval for this initiative has been granted by the Ministry of Petroleum and Natural Gas. An initial capital expenditure of approximately Rs 400 crore has been earmarked for this project over the next two to three years. The first phase of retail outlets is expected to be launched during CPCL's Diamond Jubilee year, with site selection being carried out based on market potential and strategic location analysis. The rollout is being approached cautiously, with further expansion into other states planned based on market response and prevailing conditions. The initiative is aimed at addressing existing market demand and expanding CPCL's presence in the fuel retail segment.
Time of India
29-05-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 29, 2025
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the top buy calls for today. Here's his view on Nifty, Bank Nifty and the top stock picks for May 29, 2025: Index View: Nifty For the past 9 trading days, Nifty has been static within a 2% band, however the highs of 25000 has been constantly providing supply non index longs. Unless a closing above 25050 is not confirmed, the downside swing towards 24300 / 24100 remains open on the index. Nifty has had a nearly 15% run up in the past 6 weeks without a 2% correction. With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24100. Bank Nifty Bank Nifty has broken from its 6 week rising trendline in last week's trading. This puts the index back on track to retest its polarity support of its original 5 year rising trendline. Targets for this breakdown hint for a 1200-1500 point breakdown from CMP. Negation for this down move is seen only when the index closes above 55600. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo CHENNPETRO (BUY):LCP: 719.05Stop Loss: 681Target: 777 After a bullish head and shoulder breakout on daily and weekly charts earlier this month, prices are consolidating after crossing the 200 DMA resistance on shares on Chennai Petroleum Corporation. This consolidation in a range is a typical price behaviour on this stock historically observed before another round of up move. A follow up move of 7-9% is likely to be unfolded post this monthly derivative expiry. LTIM (BUY):LCP: 5099Stop Loss: 4950Target: 5525 After trading at a 3 year low in April, LTIMindtree has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTYIT index on a YTD basis which is down over 13% while LTIM is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525. ZYDUSLIFE (BUY): LCP: 925.60Stop Loss: 888Target: 980 Zydus Lifesciences stock has closed at a 2 month high, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated higher lows have been seen from the start of this month on daily charts, this 2 high note closing on charts is likely to allow further thrust on the stock for a resistance meet at its 200 DMA near 980 odd. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
