Chennai Petroleum Surges Over 26% This Week, Hits 52-Week High of ₹998

Chennai Petroleum Corporation Ltd (

) rallied over 26% this week and nearly 35% in the past two weeks, touching a fresh 52-week high of ₹998. The sharp rise was driven by robust Q2 FY26 results and heavy trading volumes. The company reported a consolidated profit of ₹719 crore, reversing a ₹629 crore loss a year ago, while revenue jumped 38.9% YoY to about ₹20,000 crore. Higher Gross Refining Margins (GRM) of $9.1 per barrel significantly boosted profitability. Trading volumes surged over nine times the 30-day average, reflecting strong investor participation. Elevated global crude prices amid geopolitical tensions also supported refining margins. CHENNPETRO shares are now up 25% year-to-date, backed by improved fundamentals and market optimism. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.