CHENNPETRO - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 4.4
| Stock Code | CHENNPETRO | Market Cap | 16,547 Cr. | Current Price | 1,111 ₹ | High / Low | 1,160 ₹ |
| Stock P/E | 5.40 | Book Value | 725 ₹ | Dividend Yield | 0.72 % | ROCE | 35.6 % |
| ROE | 32.7 % | Face Value | 10.0 ₹ | DMA 50 | 993 ₹ | DMA 200 | 877 ₹ |
| Chg in FII Hold | -0.28 % | Chg in DII Hold | 1.09 % | PAT Qtr | 1,400 Cr. | PAT Prev Qtr | 987 Cr. |
| RSI | 60.3 | MACD | 35.0 | Volume | 20,77,899 | Avg Vol 1Wk | 53,63,118 |
| Low price | 585 ₹ | High price | 1,160 ₹ | PEG Ratio | -1.16 | Debt to equity | 0.18 |
| 52w Index | 91.5 % | Qtr Profit Var | 211 % | EPS | 206 ₹ | Industry PE | 15.1 |
📊 CHENNPETRO shows strong swing trade potential. The stock is currently at 1,111 ₹, trading close to its 52-week high (1,160 ₹). RSI at 60.3 suggests moderate momentum without being overbought. MACD is strongly positive, indicating bullish trend continuation. Volume is lower than weekly average, but still robust enough to support liquidity.
💡 Optimal Entry Price: Around 1,080–1,100 ₹ (near short-term support).
📈 Exit Strategy (if already holding): Consider profit booking near 1,150–1,160 ₹ resistance zone, or earlier if RSI crosses 65 with weakening volume.
✅ Positive
- Very attractive P/E (5.40) compared to industry average (15.1), showing undervaluation.
- Strong ROCE (35.6%) and ROE (32.7%) reflect excellent efficiency.
- Quarterly PAT surged (1,400 Cr. vs 987 Cr.), showing strong earnings momentum.
- Low debt-to-equity ratio (0.18) ensures financial stability.
⚠️ Limitation
- PEG ratio (-1.16) indicates weak growth relative to valuation.
- FII holdings decreased (-0.28%), showing reduced foreign investor confidence.
- Stock is already near its 52-week high, limiting immediate upside potential.
📉 Company Negative News
- Foreign institutional investors reduced stake, signaling cautious outlook.
- PEG ratio suggests growth concerns despite strong earnings.
📈 Company Positive News
- EPS of 206 ₹ supports strong valuation metrics.
- DII holdings increased (1.09%), reflecting domestic institutional confidence.
- Quarterly profit growth (+211%) highlights strong operational performance.
🏭 Industry
- Petrochemical and refining sector benefits from global energy demand cycles.
- Industry P/E (15.1) is much higher than company’s (5.40), suggesting CHENNPETRO is undervalued relative to peers.
🔎 Conclusion
CHENNPETRO offers a strong swing trade opportunity with excellent fundamentals, undervaluation compared to industry peers, and robust earnings growth. Entry near 1,080–1,100 ₹ provides favorable risk-reward, with exit around 1,150–1,160 ₹. If already holding, monitor RSI and volume closely to secure gains as the stock approaches its 52-week high.