Latest news with #ChennaiPetroleumCorporation
Time of India
3 days ago
- Business
- Time of India
Top stocks to buy today: Stock recommendations for May 29, 2025
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Chennai Petroleum Corporation, LTIMindtree , and Zydus Lifesciences are the top buy calls for today. Here's his view on Nifty, Bank Nifty and the top stock picks for May 29, 2025: Index View: Nifty For the past 9 trading days, Nifty has been static within a 2% band, however the highs of 25000 has been constantly providing supply non index longs. Unless a closing above 25050 is not confirmed, the downside swing towards 24300 / 24100 remains open on the index. Nifty has had a nearly 15% run up in the past 6 weeks without a 2% correction. With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24100. Bank Nifty Bank Nifty has broken from its 6 week rising trendline in last week's trading. This puts the index back on track to retest its polarity support of its original 5 year rising trendline. Targets for this breakdown hint for a 1200-1500 point breakdown from CMP. Negation for this down move is seen only when the index closes above 55600. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo CHENNPETRO (BUY):LCP: 719.05Stop Loss: 681Target: 777 After a bullish head and shoulder breakout on daily and weekly charts earlier this month, prices are consolidating after crossing the 200 DMA resistance on shares on Chennai Petroleum Corporation. This consolidation in a range is a typical price behaviour on this stock historically observed before another round of up move. A follow up move of 7-9% is likely to be unfolded post this monthly derivative expiry. LTIM (BUY):LCP: 5099Stop Loss: 4950Target: 5525 After trading at a 3 year low in April, LTIMindtree has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTYIT index on a YTD basis which is down over 13% while LTIM is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525. ZYDUSLIFE (BUY): LCP: 925.60Stop Loss: 888Target: 980 Zydus Lifesciences stock has closed at a 2 month high, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated higher lows have been seen from the start of this month on daily charts, this 2 high note closing on charts is likely to allow further thrust on the stock for a resistance meet at its 200 DMA near 980 odd. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
4 days ago
- Business
- Mint
Stock Picks: Sagar Doshi suggests Chennai Petroleum, LTIMindtree, Zydus Life shares to buy in a muted market today
Stock market today: India's main stock indexes started the day relatively unchanged on Wednesday, as investments in large block transactions and the primary market balanced out the benefits from positive global sentiment. The Sensex dropped by 200.32 points to reach 81,351.31 in early trading, while the Nifty 50 fell by 61.2 points to settle at 24,765. Market analysts observed that encouraging signals from the US markets, a weak dollar, and lower gold prices will create a favourable macroeconomic environment for the equity markets today. The MPC is highly likely to reduce policy rates by 25 basis points during the policy meeting on June 6th. As a result, rate-sensitive sectors will be in focus in the upcoming days. Sagar Doshi of Nuvama recommends Chennai Petroleum Corporation, LTIMindtree, and Zydus Lifesciences shares to buy today. Here's what Doshi says about the overall market. For the past 8 trading days, Nifty 50 has been static within a 2% band, however the highs of 25,000 has been constantly providing supply non index longs. Unless a closing above 25,050 is not confirmed, downside swing towards 24,300 / 24,100 remain open on the index. Nifty 50 has had a nearly 15% run up in the past 6 weeks without a 2% correction. With the price action seen from the start of this week, it is fair for the index to retest 200 DMA support on downside which currently reads below 24,100. Bank Nifty has broken from its 6 week rising trendline in last week's trading. This puts the index back on track to retest its polarity support of its original 5 year rising trendline. Targets for this breakdown hint for a 1,200-1,500 point breakdown from CMP. Negation for this down move is seen only when the index closes above 55,600. On stocks to buy on Wednesday, Sagar Doshi of Nuvama recommended three stocks - Chennai Petroleum Corporation Ltd, LTIMindtree Ltd, and Zydus Lifesciences Ltd. After a bullish head and shoulder breakout on daily and weekly chart earlier this month, prices are consolidating after crossing the 200 DMA resistance on shares on Chennai Petroleum Corporation. This consolidation in a range is a typical price behaviour on this stock historically observed before another round of up move. A follow up move of 9-12% is likely to be unfolded post this monthly derivative expiry. After trading at a 3 year low in April, LTIMindtree share price has been rising within a channel and has gained 25% since its April lows. A typical higher high – higher low formation underlines the bullish set up and inflows on the counter. The stock has widely outperformed its benchmark NIFTY IT index on a YTD basis which is down over 13% while LTIMindtree share price is down 8% in the same period of 2025. A move towards higher range of the bullish channel is likely to unfold for target of 5525. Zydus Lifesciences share price has closed at a 2 month high, after breaking out from a falling trendline earlier this month which was in place since August 2024. Repeated higher lows have been seen from the start of this month on daily charts, this 2 high note closing on charts is likely to allow further thrust on the stock for a resistance meet at its 200 DMA near 980 odd. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
25-04-2025
- Business
- Business Standard
Chennai Petroleum Corporation standalone net profit declines 26.52% in the March 2025 quarter
Sales decline 2.66% to Rs 17249.10 crore Net profit of Chennai Petroleum Corporation declined 26.52% to Rs 449.96 crore in the quarter ended March 2025 as against Rs 612.38 crore during the previous quarter ended March 2024. Sales declined 2.66% to Rs 17249.10 crore in the quarter ended March 2025 as against Rs 17720.18 crore during the previous quarter ended March 2024. For the full year,net profit declined 93.60% to Rs 173.53 crore in the year ended March 2025 as against Rs 2711.25 crore during the previous year ended March 2024. Sales declined 10.59% to Rs 59355.98 crore in the year ended March 2025 as against Rs 66385.44 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 17249.1017720.18 -3 59355.9866385.44 -11 OPM % 4.555.88 - 1.716.74 - PBDT 731.33994.27 -26 814.494265.50 -81 PBT 581.71843.52 -31 208.103659.87 -94 NP 449.96612.38 -27 173.532711.25 -94
