SMC Global said that Chennai Petro has been exhibiting a strong uptrend, trading consistently within a rising channel while forming a higher-high and higher-low pattern.
Ace investors including Dolly Khanna, Madhusudan Kela and Sunil Singhania have exited select multibagger stocks from their respective portfolios in the June 2025 quarter.
Seasoned Dalal Street investor Dolly Khanna has signaled her exit from Chennai Petroleum Corporation, according to latest shareholding patter of the company as of June 2025 quarter.
An analyst from LKP Securities said that Chennai Petro has found support from a rising trendline on the daily chart, and as long as it stays above that line, the trend should remain strong.
The latest round of profit booking at Dalal Street has not only wiped out more than Rs 20 lakh crore from the investors' pockets, but also pushed 25 stocks of the BSE500 index into the bear grip in a month.
Chennai Petroleum Corp share price: The Indian Oil Corporation subsidiary's standalone Q4 FY24 profit came at Rs 612.38 crore as against Rs 1,004.19 crore in the year-ago period. Revenue from operations slipped to Rs 20,822.95 crore in March 2024 quarter from Rs 21,350.20 crore in the corresponding period last year.
Stocks in focus today: With the result season picking up pace, a lot of stock-specific action is expected. Q1 results to provide direction to Nifty, Sensex this week. Reliance Industries, Paytm, IndiGo, Tata Steel, Federal Bank among stocks to watch on Monday., July 24, 2023.
Q1 results of IIFL Securities, Tata Steel, TVS Motor, Federal Bank in Top News on July 24: Ex-dividend stocks today, share market and Nifty outlook, Realme C53 5G special sale on Flipkart in focus.
Seasoned investor Dolly Khanna has been on a selling spree during the quarter ended on March 31, 2023 as she trimmed her stake in at least nine companies, including a potential exit.
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