CHENNPETRO - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.8
| Stock Code | CHENNPETRO | Market Cap | 15,202 Cr. | Current Price | 1,020 ₹ | High / Low | 1,103 ₹ |
| Stock P/E | 7.20 | Book Value | 574 ₹ | Dividend Yield | 0.49 % | ROCE | 4.04 % |
| ROE | 2.10 % | Face Value | 10.0 ₹ | DMA 50 | 921 ₹ | DMA 200 | 832 ₹ |
| Chg in FII Hold | 4.07 % | Chg in DII Hold | -1.58 % | PAT Qtr | 987 Cr. | PAT Prev Qtr | 732 Cr. |
| RSI | 59.6 | MACD | 30.6 | Volume | 42,50,282 | Avg Vol 1Wk | 51,86,331 |
| Low price | 516 ₹ | High price | 1,103 ₹ | PEG Ratio | -0.15 | Debt to equity | 0.23 |
| 52w Index | 85.9 % | Qtr Profit Var | 9,338 % | EPS | 142 ₹ | Industry PE | 13.1 |
📊 Analysis: CHENNPETRO shows strong intraday potential today. Current price (1,020 ₹) is trading above both DMA 50 (921 ₹) and DMA 200 (832 ₹), reflecting bullish sentiment. RSI at 59.6 indicates healthy momentum without being overbought, while MACD (30.6) confirms strong bullish momentum. Volume (42.5 Lakh) is slightly below the weekly average (51.8 Lakh), but still robust enough to support intraday trading. The stock is near its 52-week high (1,103 ₹), which may act as resistance.
💰 Optimal Buy Price: 1,010–1,025 ₹ if price consolidates with volume support.
📈 Profit Exit Levels: 1,060 ₹ (short-term resistance), 1,100–1,105 ₹ (near 52-week high).
📉 Stop-Loss: 990 ₹ to protect against downside risk.
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above 1,020 ₹ or if momentum indicators weaken. Profit booking near 1,060–1,100 ₹ is advisable, while a break below 990 ₹ should trigger a stop-loss exit.
Positive
- Low P/E of 7.20 compared to industry PE (13.1) indicates undervaluation.
- EPS of 142 ₹ supports strong earnings power.
- Quarterly PAT growth (987 Cr vs 732 Cr) shows significant profitability improvement.
- FII holdings increased (+4.07%), reflecting foreign investor confidence.
- Debt-to-equity ratio of 0.23 indicates manageable leverage.
Limitation
- ROCE at 4.04% and ROE at 2.10% are weak compared to peers.
- Dividend yield of 0.49% is relatively low.
- DII holdings decreased (-1.58%), showing reduced domestic institutional support.
- Volume slightly below average reduces intraday strength.
Company Negative News
- No major negative news reported, but weak return ratios (ROCE, ROE) remain a concern.
Company Positive News
- Massive quarterly profit growth boosts investor sentiment.
- Strong FII inflows highlight foreign confidence in the company.
Industry
- Industry PE at 13.1 vs stock PE of 7.20 suggests undervaluation.
- Oil refining sector benefits from rising demand and favorable margins, though volatility in crude prices remains a risk.
Conclusion
⚖️ CHENNPETRO is a strong intraday candidate with bullish momentum and undervaluation. Traders may attempt entries near 1,010–1,025 ₹ with exits around 1,060–1,100 ₹, while maintaining a strict stop-loss at 990 ₹ to manage risk.