CPCL share falls after FII sold equity shares via Bulk Deal

Shares of Chennai Petroleum Corporation Limited (CPCL), a multibagger PSU stock with 186% return, fell approximately 2% on Thursday after “Polunin Emerging Markets Small Cap Fund LLC”, a Foreign Institutional Investor (FII), sold nearly 7.88 lakh equity shares at an average trade price of ₹887.16 per share via a Bulk Deal on 8th May 2024.