Shares of Chennai Petroleum Corporation rose nearly 2% on Friday, trading at Rs 1,016.65 during the session, following the company’s announcement of an interim dividend.
The Board of Directors of Chennai Petroleum Corporation declared an interim dividend of Rs 8 per equity share of face value Rs 10 for the financial year 2025-26. The company has fixed April 2, 2026 as the record date, and the dividend will be paid on or before April 25, 2026, according to its exchange filing.
Following the upward movement in the share price, the company’s market capitalisation increased by approximately Rs 1,970 crore, taking it to around Rs 1.49 lakh crore.
During Friday’s session, the stock traded in the range of Rs 998.85 to Rs 1,020 levels, compared to its previous close of Rs 1,003.20.
The dividend announcement comes at a time when oil marketing and refining companies are navigating volatile crude prices amid global geopolitical developments.
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