Multibagger Stocks in 2022: Chennai Petroleum Corporation Limited (CPCL) has set a record profit date for FY21-22. The company’s board of directors said in a regulatory filing that “the company has set Wednesday, August 10”, 2022 as the “record date” to determine members’ eligibility to receive equity dividends. 2.00 per share for the financial year 2021-22 (ie @ 20 per cent on the paid up equity share capital). The dividend, if approved by the members at the AGM, shall be paid within a prescribed period of 30 days of its approval.”
It recommended a dividend of Rs 2 per equity share of Rs 10 per equity share (20 per cent on the paid-up equity share capital) for the financial year 2021-22, subject to the approval of the members of the corporation. The 56th Annual General Meeting is scheduled to be held on August 23, 2022. The dividend target record date will be August 10, 2022. The dividend will be paid to the eligible members within a period of 30 days from the date of declaration. This is the date of the AGM, electronically, through various online modes for those members who have updated their bank account details or through any other permissible mode.
Share price history.
Shares of Chennai Petroleum Corporation Limited closed at Rs 270.50 today, down 2.33% from the previous close of Rs 276.95. The stock price rose from Rs 114.55 on August 4, 2021 to its current level over the past year, representing a multiple-bagger return of 136.14%. The stock price has risen from Rs 103.30 on January 3, 2022 to current levels on a YTD basis, representing a multi-bagger return of 161.86% year-to-date in 2022. The price has increased from Rs 113.40 on February 4, 2022. The current level over the past six months represents a multi-bagger return of 138.54 percent. The stock has declined 9.70% over the past month and 3.84% over the past five trading days.
Chennai Petroleum Corporation Limited, incorporated in the year 1965, is a small cap company (having a market cap of Rs 4,031.03 Crore) operating in the Gas & Petroleum sector. Key Products/Revenue Segments of Chennai Petroleum Corporation Limited include Petroleum Products, Other Operating Revenue, Scrap and Power for the year ended 31-Mar-2021.
At the current price level of Rs.270.50, the stock is trading 35.26% below its 52-week low and 186.39% above its 52-week low on NSE, where it touched a 52-week high of Rs.417.85 on 08- reached the highest level. 52-week low of ₹94.45 on 22-Jun-22 and 24-Feb-22. 9,76,227 shares worth Rs 2,657.97 lakh were traded on NSE today. The average volume over the last 20 days is 2,739,975 shares. At the current market price of Rs.270.50 the stock is trading below 5-day, 10-day, 20-day, 50-day EMA but 100-day and 200-day Exponential Moving Average (EMA).
For the quarter ended 30-06-2022, the company reported a total revenue of Rs 27,453.46 crore, which is 67.12% higher than the total revenue of Rs 16,426.91 crore in the previous quarter and the same quarter last year. It is 236.10 percent higher than the competition. 8,168.24 crore The company reported a profit after tax of Rs 2,358.75 crore in the latest quarter.
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