This small-cap oil refinery stock has given 154 per cent returns in just 3 months! Do you own it?
Read on to know more about the biggest gainer of 2022 to date that is defying the overall market weakness!
Chennai Petroleum Corporation Ltd (CPCL) has been the best performing stock of 2022 to date. It has swelled investors' money on the back of skyrocketing crude oil prices. CPCL is in the business of refining crude oil to produce and supply various petroleum products and manufacture and sale of lubricating oil additives.
On YTD, the benchmark index Sensex has lost 13.42 per cent, while S&P BSE Energy has gained just 1.63 per cent compared to CPCL’s stellar performance on the bourses, which has seen a surge of 210 per cent.
- Rs 100,000 invested just three months ago would have become Rs 1,53,930 giving a price return of 153.93 per cent,
- Rs 100,000 invested at the beginning of FY2022 would have more than tripled at Rs 310,190, giving a price return of 210.19per cent and,
- Rs 100,000 invested two years back would have become Rs 4,65,720 giving a price return of 410 per cent.
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL) a joint venture between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a shareholding in the ratio of 74 per cent, 13 per cent and 13 per cent, respectively. The company has two refineries and is one of the most complex refineries in the country with fuel, lube, wax and petrochemical feedstocks production facilities.
The shares of CPCL have logged 52 weeks high and low of Rs 417.95 and Rs 94.65, respectively.
At 3.15 pm, CPCL was quoting at Rs 324.70 up 1.48 per cent or Rs 4.75 per share.