- LATEST
- WEBSTORY
- TRENDING
PERSONAL FINANCE
Multibagger stock: Share price grows more than 3 times in less than 3 months, rise continues
In the last 6 months, the CPCL stock registered a 154.68% increase while the rise has continued at similar pace with a 129.99% increase in last month.
Updated : May 02, 2022, 07:11 PM IST
 "CPCL Multibagger Stock news")
TRENDING NOW
)
AR Rahman, Saira Banu's daughter Raheema opens up on parents' divorce being linked to Mohini Dey: 'Always remember...'
)
Riddhima Kapoor Sahni reveals Rishi Kapoor's last two wishes: 'He wanted to see Ranbir Kapoor getting...'
)
Sana Khan, former Bigg Boss contestant, actress announces 2nd pregnancy with Anas Saiyad: 'Only Allah has power to..'
)
'Good to be back': After breaking up with Malaika Arora, Arjun Kapoor reunites with his 'partner-in-crime after ages'
)
'Your dance lightens up...': Little girl's dance on 'Tere Bina na Guzara E' steals hearts online, WATCH viral video
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan tells Amitabh Bachchan: 'I hope people don't...'
)
This Pakistani Influencer's private video leaked online, days after Minahil Malik and Insha Rehman's clips
)
After breakup with Malaika Arora, Arjun Kapoor dedicates his new tattoo to this special person in his life
)
32-year-old superstar forcibly kissed 15-year-old co-star; left her traumatised, crying; later laughed about it saying..
)
Shillong Teer Results TODAY November 22, 2024 Live Updates: Check winning numbers here
)
Amid Aishwarya Rai-Abhishek Bachchan divorce rumours, Jaya Bachchan says 'not my daughter' in viral video
)
Telecom rules to change from January 1, Mukesh Ambani's Jio, Airtel, Vi, BSNL will be affected due to...
)
Gandii Baat, XXX actress Aabha Paul sets Instagram on fire with hot photos
)
Meet Mathira Khan, Pakistani influencer whose private video leaked after Minahil Malik, Imsha Rehman
)
Shweta Tiwari's wedding photos with Bigg Boss 13 contestant Vishal Aditya Singh go viral, here's the truth behind them
Multibagger stock Chennai Petroleum have been soaring even when the market shows downward trend. On Monday (May 2), the stock price of Chennai Petroleum Corporation Limited (CPCL) has reached Rs 307.15. The stock is on a bull run for the past some time. In the last 6 months, the CPCL stock has registered a 154.68 percent increase while the rise has continued at similar pace with a 129.99 percent increase in the last one month. In the last one year, the stock price has risen 184 percent.
The share price of CPCL surged 9.99 percent on Monday. This comes after a similar uptick on Friday after news of investment by ace investor Dolly Khanna, who bought 10 lakh shares, as per NSE bulk deal data. While Khanna had bought the lot for Rs 263.15 per share, the share value has jumped over Rs 30 in no time. A proven multibagger stock, CPCL has brought back returns of 100% within all stipulated time frames, as per a Zee Business report. The multibagger stock has grown more than three times in less than three months.
While on February 24, the stock was standing at Rs 95.20 after a slight dip during a stable phase, the stock has climbed over 222 percent since then to be on Rs 307.15 on May 2. This means, the value of the stock has grown by Rs 211.95 in just 67 days.
READ | THIS bank has revised interest rates on FD and savings accounts
CPCL Q4 performance
The net profit of the company went up by 314.05 percent to Rs 1001.92 crore, on the back of net sales of Rs 16,413.57 crore at 87.86 percent increase in the quarter that ended with March 2022 against the same quarter in the earlier year. The company has recommended a Rs 2 per share dividend for the Financial Year 2021-2022.
About the company
CPCL was earlier called Madras Refineries Limited (MRL). It was founded as a joint venture (JV) between the Government of India (GOI), AMOCO, and National Iranian Oil Company (NIOC) back in 1965. It is a subsidiary of Indian Oil Corporation. CPCL has two refineries which boast a combined refining capacity of 11.5 million tonnes yearly.
READ | India’s 100th unicorn: Bengaluru-based neobank Open achieves $1 billion valuation
