Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.
Company has reduced debt.
Stock is trading at 0.92 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 31.1% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 54.7%
Company's working capital requirements have reduced from 25.9 days to 11.0 days
CHENNPETRO
disc: No investment
Company has reduced debt.
Stock is trading at 0.92 times its book value
Company is expected to give good quarter
Company has delivered good profit growth of 31.1% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 54.7%
Company's working capital requirements have reduced from 25.9 days to 11.0 days
CHENNPETRO disc: No investment
Note
still waiting for breakout with good volume disc: not invested
Note
384 to 614 in no timegoing as per the the plan after breakout from the multi-year key level.
Let's focus on keeping things simple.
Peaceful Weekend Investing
Sorry for not updating earlier.
disc: Invested
Note
Going up with strong volumes added a trance
disc: Invested
Note
Good move today, not recommended to enter as stock have moved up a lot i am trailing my holding and profits
disc: invested ,
Note
More than double from last shared , enjoy the money rain disc: Invested
Trade closed: target reached
Awesome journey so far , closing this trade , if stock sets up again, will start fresh journey , you can stay connected..If you benefitted from this analysis , drop one word comment below and boost this post.
Note
what a move - multibagger stockNote
One way up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me on Twitter @bhatiashivendra to stay updated on my thoughts and insights on stocks, financial assets, and markets. I focus on research-based analysis and avoid hype. As an experienced investor in a diverse range of assets, I invite you to conduct
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.