CPCL surges 16% in two days on strong Q4 results; Dolly Khanna buys stake

On Thursday, April 28, 2022, investor Dolly Khanna bought 1 million equity shares representing 0.67 per cent stake in Chennia Petroleum at Rs 263.15 per share on the NSE.

Shares of Chennai Petroleum Corporation Limited (CPCL) hit a 52-week high of Rs 279.55, up 10 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade, thus surging as much as 16 per cent in the past two trading days on strong March quarter results (Q4FY22).

On Thursday, April 28, 2022, investor Dolly Khanna bought 1 million equity shares representing 0.67 per cent stake of CPCL worth of Rs 26.31 crore through open market purchase on the NSE. Dolly Khanna purchased shares at price of Rs 263.15, the bulk deal data shows. The name of the seller