Diwali stock on Zee Business: Vijay Chopra picks THIS growth booster stock for high return | Check price target

Diwali stock on Zee Business: In a special edition of Diwali Investment Idea (DII) aired on Zee Business today, October 11, morning, Vijay Chopra, MD and CEO of Enoch Ventures recommended Chennai Petroleum Corporation Limited (NSE: Chennai Petro) for investment. 

Chennai Petroleum Corporation Limited is a subsidiary of Indian Oil Corporation which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India. 

According to Chopra, the valuation of the company is highly undervalued and it's profit is highter than the market capitalisation. There are few companies with profit higher than the market capitalisation. "I believe investor can earn upto 50 per cent profit in a year with a target price share of Rs 350. 

#DiwaliOnZee

निवेश की एक शानदार DII PICK

दिवाली में दमदार रिटर्न वाले #Stocks

आज एनॉक वेंचर्स के विजय चोपड़ा बताएंगे कौनसा खरीदें शेयर, क्या रखें टार्गेट्स?

देखिए आज की DII PICK...@AnilSinghvi_ @vijaychopra7 #StocksToBuy #Investment pic.twitter.com/ZJdy2s8feX

— Zee Business (@ZeeBusiness) October 11, 2022

The Chennai-headquartered company traded nearly Rs 238.85 at 1:00 p.m. after opening at Rs 244 in NSE down by over 1 per cent or 4.30 points. The share prices surged nearly 3% at Rs 247 apiece at the intraday trading.

Chennai Petroleum Corporation Limited (CPCL) has also made pioneering efforts in the field of energy and water conservation by setting up a wind farm and sewage reclamation and sea water desalination plants. For the entire financial year 2021-22 (FY22), CPCL consolidated net profit was Rs 1,352 crore. Total Revenue for FY 2021-22 was Rs 60,074 crore.

It is categorized as a Miniratna-I company by the government.