In trading session on Thursday (October 26), Chennai Petro’s stock experienced a dip of 1.78 percent, equivalent to Rs 7.10, settling at Rs 524.95 each by 12:50 pm on BSE.
This decline came even after the company revealed robust second-quarter results on Wednesday. Unfortunately, this marks a continuation of the lackluster performance of the company’s shares, witnessing a 12.43 percent slide in the last five trading sessions.
This stands in stark contrast to the benchmark Nifty 50, which recorded a comparatively modest 3.37 percent decrease during the same period.
After closing at Rs 534.35 on Wednesday evening, Chennai Petro’s stock commenced Thursday’s trading session at Rs 537.95. It briefly surged to the day’s peak at Rs 544.10 before embarking on a downward trajectory.
