NIFTY 23907.25 BANK 51135.40

Chennai Petroleum Corporation Limited
Share Price Target & Analysis

NSE:CHENNPETRO

584.9

VWAP

570

Open

569.2

Close

592.3

High

570

Low

1275

52 Week High

583.25 ⇧
14.05 (2.47%)

CHENNPETRO

(OIL & GAS)
2.5% Momentum

Watch Carefully

565.2

52 Week Low

46.03

EPS

16.03

PE

1.01

PB

Standard
Quality

Bronze
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 583.25, this results in a dividend yield of 0.34 %.

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 Standard performer in terms of earnings and profit margins with an EPS of 46.03. NSE:CHENNPETRO book value per share as of today is 577.05. The current price to book ratio for CHENNPETRO as of Nov 23, 2024 is 1.01.

Valuation of the Stock: The current valuation of CHENNPETRO stock is like Bronze which means currently the stock is Reasonably Priced. 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 32.23% is very crucial parameter which shows that 32.23% investors are anticipating that the price of CHENNPETRO share should go up with VWAP at 584.9.

Now, the main question is whether to BUY or SELL, NSE:CHENNPETRO at current valuation.
As per latest Analysis No. #7101:-

⇑ 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 (Nov 23, 2024)

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

Chennai Petroleum Corporation Limited share price moved Up by 2.47% from its previous close of Rs 569.2. CHENNPETRO stock last traded price is 583.25. CHENNPETRO share price trend is Up with a total of 1790390 stocks traded till now. It has touched an intraday high of Rs 592.3 and an intraday low of Rs 570. The CHENNPETRO trading at 583.25, Up by Rs. 14.05, or 2.47 percent which suggests that most of the Traders are anticipating that the price of CHENNPETRO share should go Up.

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 Up by 2.47%. CHENNPETRO share price short term trend is Up. It suggests that CHENNPETRO Share Price for Tomorrow remains the same with VWAP at 584.9 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

 583.25

CHENNPETRO Share Price Target Prediction for 2024 ^

 592.6 - 978.1

CHENNPETRO Share Price Target Prediction for 2025*^

 978.1 - 1365

CHENNPETRO Share Price Target Prediction for 2026*^

 1365 - 1460.6

CHENNPETRO Share Price Target Prediction for 2027*^

 1534

CHENNPETRO Share Price Target Prediction for 2028*^

 1577

CHENNPETRO Share Price Target Prediction for 2030*^

 1719
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: @578.3

CHENNPETRO Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 606.72 SELL 604.27 SELL
MA_12 632.67 SELL 648.11 SELL
MA_20 694.14 SELL 687.11 SELL
MA_32 787.5 SELL 746.33 SELL
MA_50 823.8 SELL 790.7 SELL
MA_100 900.47 SELL 845.16 SELL
MA_200 915.99 SELL 841.04 SELL

CHENNPETRO Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 694.14 Downtrend
MACD -3.35 SELL
ADX 41.64 Strong Trend
DMI (+/-) 10.49 / 40.27 Downtrend

CHENNPETRO Momentum Oscillators

BUY (0) NEUTRAL (3) SELL (9)
Momentum Oscillators Value Action
RSI 23.83 Oversold
STOCHASTIC_K (Fast) 10.53 Oversold
STOCHASTIC_D (Slow) 12.23 Oversold
CCI -152.58 SELL
PSAR 641.47 SELL
TRUE RANGE 28.2 Neutral
ATR 35.98 Neutral
WILLIAMS R -93.84 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -350.65 SELL

CHENNPETRO Last 1 Year Trend

Duration Value
1 Year -1.32%
3 Months -35.39%
1 Month -37.75%
1 Week -11.79%

CHENNPETRO Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 3%
NEUTRAL / HOLD 10%
SELL 87%

Most popular Questions & Answers about CHENNPETRO


Chennai Petroleum Corporation Limited stock last traded price is 583.25. CHENNPETRO share price moved Up by 2.47% from its previous close of Rs 569.2.

Chennai Petroleum Corporation Limited share price trend is Up with a total of 1790390 stocks traded till now. It has touched an intraday high of Rs 1287.75 and an intraday low of Rs 570. The CHENNPETRO trading at 583.25, Up by Rs. 14.05, or 2.47 percent which suggests that most of the Traders are anticipating that the price of CHENNPETRO share should go Up and the Stop Loss will be around 584.9.

The market cap of Chennai Petroleum Corporation Limited is ₹1603 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Chennai Petroleum Corporation Limited as of Nov 22, 2024 is 16.03.

The current price to book ratio for Chennai Petroleum Corporation Limited as of Nov 22, 2024 is 1.01.

The highest price of Chennai Petroleum Corporation Limited stock is ₹1275 in the last 52-week.

The lowest price of Chennai Petroleum Corporation Limited stock is ₹565.2 in the last 52-week.

Chennai Petroleum Corporation Limited share trading at ₹583.25, Up by Rs. 14.05, or 2.47 percent which suggests that most of the traders are anticipating that the price of CHENNPETRO share should go Up.

In 2023, Stock price target for Chennai Petroleum Corporation Limited (CHENNPETRO) are ₹592.6 on downside and ₹978.1 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 ₹978.1 on downside and ₹1365 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 ₹1365 on downside and ₹1460.6 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 ₹1577 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.

The price of Chennai Petroleum Corporation Limited (CHENNPETRO) shares moved by 2.47%. The short-term trend for CHENNPETRO share price is Up. It implies that the share price of CHENNPETRO will stay the same tomorrow and that intraday traders should treat VWAP at 584.9 as a stop loss. Investors with a long-term outlook can track CHENNPETRO long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of CHENNPETRO stock is 551.9. Compared to the current market price of 583.25 INR, the CHENNPETRO stock is Overvalued by 5.4%.

As per the fundamental analysis of Chennai Petroleum Corporation Limited (CHENNPETRO), it is of Standard quality in terms of earnings and profit margins with an EPS of 46.03. Chennai Petroleum Corporation Limited book value per share as of today is 577.05. The current price to book ratio for CHENNPETRO as of Nov 23, 2024 is 1.01.


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 1264.00 27 387.45
IOC 132.90 11.14 125.39
BPCL 286.00 30.04 172.2
HINDPETRO 361.00 20.48 192.82
MGL 1157.50 116.37 520.65
CHENNPETRO 583.25 46.03 577.05
GANDHAR 205.56 9.91 113.65
IRMENERGY 366.70 16.38 223.27
Updated at: 22 Nov 2024 15:43

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