Small Cap Miniratna PSU Stock Recommends Rs. 27/Share Final Dividend, Stock Rallies 13.25%

Chennai Petroleum Corporation Limited (CPCL) its Board meeting held on Thursday, April 27, 2023, recommends a final dividend of Rs. 27 per equity share for the financial year 2022-23. It is a Miniratna status PSU stock engaged in the Gas & Petroleum sector. It is a small-cap stock with a market capitalisation of Rs. 4,547.0 crore.

Recommended a Final Dividend of Rs.27/- per equity share

According to the regulatory filing by Chennai Petroleum Corporation Limited, "the Board of Directors of the Company have recommended an Equity Dividend (Final) of Rs.27/- per equity share for the Financial Year 2022-2023. The Board of Directors have recommended preference dividend of 6.65% on the Outstanding Preference Shares amounting to Rs. 33.25 Cr. for the year 2022-2023."

Stock's Current Market Price, 52 Week High/Low, Market Price

The stock of Chennai Petroleum Corporation closed 13.25% higher at Rs 309.25 apiece. Its 52-week high is Rs 47.85 apiece and 52 week low is Rs 186.60 apiece, respectively.

Stock's Returns

The stock gained 13.27% in 1 week. It has given 34.16% positive return in 1 month and 27.82% in 3 months, respectively. It has given 29.26% positive return in 1 year. In 3 years it has given 395.99% positive return. The stock has fallen 3.16%.

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