Fuelling Profits: How Chennai Petroleum Yielded 154% Returns In 6 Months
A Petroleum Multibagger That Gave Stellar Returns Of 154% In The Last 6 Months 🚨
⛽ Stock Name: Chennai Petroleum Corporation Limited
⛽ NSE: $CHENNPETRO
🛢️ Meet Chennai Petroleum Corporation Ltd., a subsidiary of the Indian Oil Corporation (IOC) owned by the Ministry of Petroleum and Natural Gas. Despite market volatility, the stock has provided impressive returns of over 154% in the last six months. Here are some quick facts about the stock:
◾ Net profits have grown by 477% for FY ’22.
◾ Gave 241% returns in the last 2 years.
◾ Is available at a discount of 35% from its 52-week high.
◾ Strong financials and exceptional growth in revenue & earnings over the years make it a high-growth stock.
◾ Dolly Khanna, a seasoned investor, took fresh holdings in the company during the April-June period. She now holds 3.27% of the company.