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IndianOil-CPCL Nagapattinam refinery may see further delays due to project reconfiguration

IOCL and CPCL are working on reconfiguring the refinery, an official said, hinting at project completion by 2030–31. The refinery was earlier expected to be completed by 2027 — already two years behind the original schedule.

Chennai Petro, MRPL shares rise up to 11% as YES Securities sees valuation re-rating

'We estimate GRMs to improve materially QoQ, and with no marketing drag, these companies stand out as the purest plays on the current distillated upcycle and warrant a re-rating to higher valuation multiples,' says YES Securities

Gainers & Losers: Stocks that moved the most on October 23

Benchmark indices Nifty and Sensex ended in the red as investor mindset turned gloomy with the tepid earnings and a knee jerk reaction from FIIs, which dragged the market sentiment. Here are some stocks that moved the most in trade.

Indian Oil, Chennai Petroleum shares catch fire as ICICI Bank sinks teeth into their JV

The target entity is initially proposed to be incorporated through seed capital of Rs 5 lakh

Chennai Petroleum board approves JV with IOC, seed equity investors for Rs 31,500 cr refinery

Further, the board also approved equity investment of up to Rs 2,570 crore by Chennai Petroleum in the joint venture

MRPL, Chennai Petroleum jump 10% as crude oil rises

Oil refining companies, especially those that export refined products, gain from higher crude oil prices as they improve margins

Chennai Petroleum share tumbles 16% on Q3 loss of Rs 556 crore

The company reported a Rs 556.44 crore loss in the December quarter due to lower refinery run and tax expenses. CPCL had reported a Rs 290.58 crore profit in the same period a year back, it said in a stock exchange filing.

Chennai Petroleum share price jumps 8% on Q2 profit of Rs 290 crore

Average Gross Refining Margin (GRM) during April to September was USD 9.70 per bbl as compared to USD 2.03 per bbl.

CPCL to raise Rs 1,000 crore through bonds issue in FY21

The board of directors of Chennai Petroleum Corp Ltd (CPCL) have approved raising "funds through domestic bonds up to Rs 1,000 crore during the FY 2020-21 through private placement, towards balancing the short term/long term (borrowing) mix," the firm said in a regulatory filing.

Chennai Petroleum Q1 PAT seen up 445.8% YoY to Rs. 183.5 cr: KR Choksey

Net Sales are expected to increase by 47.2 percent Y-o-Y (up 0.7 percent Q-o-Q) to Rs. 9,854.3 crore, according to KR Choksey.

Chennai Petroleum Q4 PAT seen up 178.2% YoY to Rs. 475.2 cr: KR Choksey

Net Sales are expected to increase by 30 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 8,875.6 crore, according to KR Choksey.

Top buy & sell ideas by Ashwani Gujral, Mitessh Thakkar & Prakash Gaba for February 22

Ashwani Gujral of ashwanigujral.com recommends buying Tech Mahindra with a stop loss of Rs 588, target of Rs 620, a buy on NIIT Tech with a stop loss of Rs 788, target of Rs 825 while a sell call on Century Textiles with a stop loss of Rs 1190, target of Rs 1130.

Accumulate Chennai Petroleum; target of Rs 485: Kotak Securities

Kotak Securities recommended accumulate rating on Chennai Petroleum with a target price of Rs 485 in its research report dated November 09, 2017.

Buy CESC, Escorts, Indraprastha Gas, Chennai Petroleum, Welspun Corp: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying CESC, Escorts, Indraprastha Gas, Chennai Petroleum and Welspun Corp.

Buy CESC, Chennai Petroleum; avoid Axis Bank: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy CESC and Chennai Petroleum Corporation while one can avoid Axis Bank.

A close below 9,685 on Nifty will negate bullish view; 7 stocks which can give up to 17% return

Broadly speaking, Nifty is likely to consolidate in a range of 9950 - 9685 levels and only either way breakout or breakdown will dictate the near-term trend, suggest experts.

Buy KRBL, Chennai Petroleum, Capital First, Arvind, Jet Airways: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com recommends buying KRBL, Chennai Petroleum, Capital First, Arvind and Jet Airways.

Buy Apollo Tyres, Indiabulls Housing, UPL, Chennai Petro; sell Ramco Cement: Thakkar

Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Apollo Tyres, Indiabulls Housing, UPL and Chennai Petroleum and sell Ramco Cements.

Key resistance for Nifty at 10036; 4 stocks to buy today: Prakash Gaba

Prakash Gaba of prakashgaba.com is of the view that trend is still up and the logical technical target still is valid as long as 9920 holds. The crucial support for the Nifty is at 9920 and the resistance is at 10036. Bank Nifty has support at 24400 and resistance at 24750.

Buy Biocon, Aurobindo Pharma on every dip; sell Axis Bank, Adani Ports: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can buy Biocon and Aurobindo Pharma on every dip and advises selling Axis Bank and Adani Ports.

Nifty may test 9,500 levels; 5 stocks which can give up to 20% return

Now, the Nifty has multiple strong supports at lower levels around 9,250, 9,200 and 9,170. In the May series, we are seeing options open interest is building up in 9,300 puts which indicate higher probability of upside breakout in prices from recent consolidations.

Sell NMDC; buy Muthoot Finance, Chennai Petroleum: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com is of the view that one can sell NMDC and buy Muthoot Finance and Chennai Petroleum.

Sensex falls 135 pts, Nifty above 8500; BHEL, Hero, SBI up

Chennai Petroleum surged 17 percent after reporting 153.3 percent growth in bottomline at Rs 923.5 crore on strong operational performance and 2.6 percent growth in revenue at Rs 9,053.4 crore in June quarter year-on-year.

Shale boom brings LatAm oil bonus for Indian refiners

Decades-old crude trading routes are being redrawn as the United States cuts its dependence on imports through a boom in shale oil, forcing Latin American exporters to tap buyers as far away as China and India - markets growing enough to soak up their surplus supplies.

Stocks in news: ICICI, HCL Tech, Bharti, JSPL, NFL, Neyveli