CPCL is a subsidiary of Indian Oil Corporation, in which Indian Oil holds 51.9% stake.
Chennai Petroleum Corporation Limited stock has been giving investors multibagger returns for the past one year.
In the last 6 months, this stock has jumped 211.37 percent and it has gone from Rs 100.30 to Rs 311.
New Delhi. Chennai Petroleum Corporation Limited (CPCL) stock has been giving multibagger returns to its investors over the past one year. This multibagger stock is also included in the portfolio of famous investor Dolly Khanna. CPCL is a subsidiary of Indian Oil Corporation. Indian Oil Corporation holds 51.9% stake. The stock has gained 11.42 percent in the last five trading sessions. On Thursday, the stock was trading at Rs 311, a marginal decline of 0.70 per cent till the time of writing on the NSE.
Shares of Chennai Petroleum Corporation Ltd rose as much as 10 percent on Wednesday. Shares of CPCA Company closed at Rs 314.40 on the NSE yesterday. Famous investor Dolly Khanna also invested in this stock. According to a report by LiveMint, Dali Khanna holds a total of 48,69,474 shares or 3.27% stake in the company as per the company’s April to June 2022 shareholding pattern.
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Given 201% return in one year
Chennai Petroleum Corporation Limited stock has been giving investors multibagger returns for the past one year. The stock has gained 11.52 percent in one month. In the last six months, this stock has jumped 211.37 percent and it has gone from Rs 100.30 to Rs 311. The stock has returned 209 percent so far in 2022. The share price on January 3, 2022 was Rs 103.30. Similarly, this share has jumped 201 percent in a year. The share price was Rs 103.65 on August 25, 2021, which has now increased to Rs 311.
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Working in 6 months
If an investor had invested Rs 1 lakh in shares of Chennai Petroleum Corporation Limited 6 months ago, he would have got Rs 3,10,817 today. Similarly, if an investor had invested Rs 1 lakh in this multibagger stock at the beginning of 2022, his investment would have grown to Rs 3,01,064 today. Similarly, if an investor had invested Rs 1 lakh in Chennai Petroleum Corporation stock a year ago, he would have got Rs 3,00,048 today.
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Tags: Business News, Money Making Tips, Multibagger stock, capital market
First Published: August 25, 2022, 12:33 IST