Two-fold jump in Q2 PAT, ₹25 dividend lift CPCL stock 5% in weak market
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Chennai Petroleum Corporation Limited shares rose 5 per cent on Friday after the company reported a two-fold jump in Q2 profit.
- ✓The firm also declared a ₹25 dividend for shareholders.
- ✓While the broader market fell, investors cheered the strong results and the improved refining margins reported for the quarter.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Standard
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Chennai Petroleum Corporation Limited (CPCL) shares bucked the market sell-off on Friday, rising over 5 per cent intraday after the company reported a two-fold increase in net profit for Q2FY27 and declared an interim dividend of ₹25 per share.
The stock opened higher at ₹1,462 and extended its gains to hit an intraday high of ₹1,529.90 on the NSE. However, it pared some gains as the session progressed, trading at ₹1,481.30 around 1:30 PM.
In comparison, the benchmark Nifty 50 was down 275 points, or 1.22 per cent, at 22,410.
Chennai Petroleum Corporation Limited, a subsidiary of the Indian Oil Corporation Limited (IOCL), is primarily engaged in refining crude oil.
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