Chennai Petroleum Corporation lost 0.82% to Rs 302.80 at 11:40 IST on BSE after net profit fell 49.25% to Rs 469.80 crore on 14.11% decline in total income from operations to Rs 9781.38 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 6 September 2016.Meanwhile, the S&P BSE Sensex was up 31.95 points or 0.11% at 29,009.97.
On BSE, so far 3.90 lakh shares were traded in the counter as against average daily volume of 3.17 lakh shares in the past one quarter. The stock was volatile. The stock rose as much as 2.19% at the day's high of Rs 312 so far during the day, which is a 52-week high for the counter. The stock lost as much as 3.19% at the day's low of Rs 295.55 so far during the day. The stock had outperformed the market over the past one month till 6 September 2016, advancing 4.68% compared with 3.2% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 54.39% as against Sensex's 8.22% rise.
The mid-cap company has equity capital of Rs 149 crore. Face value per share is Rs 10.
State-run public sector oil marketing firm Indian Oil Corporation (IOC) holds 51.89% stake in Chennai Petroleum Corporation as per the shareholding pattern as on 30 June 2016.
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