CHENNPETRO
CHENNPETRO
Latest share price ₹ 843.20
52-week range: Low ₹ 433.10, High ₹ 858.85.
Market capitalization ₹ 11,501 cr (approx)
Fundamentals: P/E is negative (since losses
Book value per share ₹ 551.11.
Debt to equity approx 0.38.
It is a well-known, established refinery company with core business in petroleum products (fuel, LPG, bitumen etc.).
Compared to its 52-week low ( ₹433), it has recovered significantly (current ₹772) indicating some investor confidence.
Technical indicators are reasonably positive: For example, one source: RSI 66.66 (Buy), MACD positive, ADX 35 (Buy) for CHENNPETRO.
The company is part of the refining value chain: if refining margins improve, it stands to benefit.
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