Chennai Petroleum Corporation Ltd
CHENNPETRO

366.20

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Turnover (lac)
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Day's Vol.(shares)

366.35

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Buy
Reco. Price
Rs 375.00
We recommend BUY on the stock on account of improvement in GRM by commissioning of Resid upgradation project in FY17E. Also expected increase in petrochemical demand will be the driving factor for volume growth. We target stock to trade at EV/EBITDA of 5.60x in FY17E. (Target Price: Rs.450)
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50 DMA (.)
358.22
100 DMA (.)
315.68
200 DMA (.)
286.79
Weekly Range (.)
360.00
377.80
Monthly Range (.)
360.00
387.35
52 Weeks Range (.)
178.00
404.70
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