Chennai Petroleum Corporation Limited was named the top pick by Choice Institutional Equities analyst Dhaval Popat, who assigned it a target price of Rs 1,885 per share despite pressure on oil marketing company margins.

Ace investor Dolly Khanna sold over 4 lakh shares of Chennai Petroleum Corporation Limited during Q2 FY27, cutting her holding to 15.14 lakh shares or 1.02% from 19.32 lakh shares or 1.3% in Q1. At Rs 1,487.70 per share, the shares sold were worth over Rs 62 crore and her remaining stake was worth over Rs 225 crore.

Chennai Petroleum Corporation Limited's Manali refinery is the site of a Rs 1,620-crore Lube Oil Base Stocks project for which Prime Minister Narendra Modi will lay the foundation stone, with planned capacity of 270,000 tonnes per annum to produce base stocks used in premium lubricants.

Chennai Petroleum Corporation Limited is set to get Rakesh Kumar as Director of Operations after the Public Enterprises Selection Board recommended the Indian Oil Corporation Limited executive for the Schedule 'A' board-level post, with final approval pending from the Appointments Committee of the Cabinet.