Saturday, July 19, 2008

Blockbuster Q1 show fuels Chennai Petroleum

Chennai Petroleum Corporation rose 4.85% to Rs 304 on BSE at 15:09 IST after the company reported 117.6% surge in net profit to Rs 703.27 crore on 80.86% in net sales to Rs 11250 crore in Q1 June 2008 over Q1 June 2007.

On BSE, 2.43 lakh shares were traded in the scrip. The stock hit a high of Rs 317.40 and a low of Rs 285.20 so far during the day.

Chennai Petroleum Corporation is a state-run refiner and is a unit of Indian Oil Corporation.