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    Buy Chennai Petroleum Corporation, target price Rs 254: HDFC Securities

    Synopsis

    Chennai Petroleum Corporation Ltd., incorporated in the year 1965, is a Small Cap company (having a market cap of Rs 3153.20 Crore) operating in Gas & Petroleum sector.

    Chennai Corporation’s outstanding debt revealedAgencies
    Promoters held 67.29 per cent stake in the company as of 30-Sep-2022, while FIIs owned 4.01 per cent, DIIs 3.29 per cent.
    HDFC Securities has buy call on Chennai Petroleum Corporation Ltd. with a target price of Rs 254. The current market price of Chennai Petroleum Corporation Ltd. is Rs 209.95.

    Chennai Petroleum Corporation Ltd., incorporated in the year 1965, is a Small Cap company (having a market cap of Rs 3153.20 Crore) operating in Gas & Petroleum sector.

    Chennai Petroleum Corporation Ltd. key Products/Revenue Segments include Petroleum Products, Other Operating Revenue, Scrap and Power for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 19512.82 Crore, down -28.92 % from last quarter Total Income of Rs 27453.46 Crore and up 120.28 % from last year same quarter Total Income of Rs 8858.12 Crore. Company reported net profit after tax of Rs 20.01 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 67.29 per cent stake in the company as of 30-Sep-2022, while FIIs owned 4.01 per cent, DIIs 3.29 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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