Chennai Petroleum Corporation Limited (CHENNPETRO) shares jumped 7.17% to ₹995.60 as of 9:44 AM on Thursday, following the company’s announcement regarding its upcoming board meeting. The stock opened at ₹930.00 and reached a high of ₹997.00, significantly higher than its previous close of ₹928.95, with a trading volume of 13,64,888 shares.
On 16th October 2024, Chennai Petroleum informed the stock exchanges that its board meeting is scheduled for 22nd October 2024 to consider and approve the audited financial results for the quarter and half year ended 30th September 2024. The company also confirmed the continuation of its trading window closure for insiders until 24th October 2024, in line with SEBI’s regulations on insider trading.
Investors appear optimistic ahead of the results, which has led to strong buying activity, driving the stock price up by over 7%.
