Government oil company CPCL becomes the country’s 28th ‘Navratna’, will shares become rocket on Monday?

A very big and good news has come out for the Indian stock market and public sector undertakings (PSUs). After getting the green signal from the Union Finance Minister, the state oil company Chennai Petroleum Corporation Limited (CPCL) has officially got the status of ‘Navratna’. With this historic approval, CPCL has now become the 28th Navratna company among Central Public Sector Enterprises (CPSE) of India. This powerful company, working under the Ministry of Petroleum and Natural Gas, had registered a bumper annual turnover of Rs 59,400 crore during the financial year 2025-26, after which it has received this big reward.

What will change after getting Navratna status? The company will get these open exemptions

The prestigious status of ‘Navratna’ is given by the Government of India to only selected and top performing public sector companies. After joining this club, the financial and administrative strength of Chennai Petroleum Corporation Limited (CPCL) will increase significantly.

Now the company will have complete freedom to make large investments up to Rs 1,000 crore without any prior approval or permission from the central government. Apart from this, these companies can freely invest up to 30 percent of their total net worth in a financial year. Not only this, Navratna companies can now form new joint ventures in foreign markets, form large global alliances and even start their own subsidiaries abroad.

Let us tell you that any government company has to fulfill some strict rules to get Navratna status. Under this, it is mandatory for the company to already have ‘Miniratna Category I’ status, and it is also necessary for it to be included in the ‘Schedule A’ list of CPSEs.

There may be a big jump in Chennai Petroleum shares on Monday

The direct impact of this big news can be seen as soon as the stock market opens on Monday, June 22. Market experts believe that after getting Navratna status, there may be huge buying in the shares of Chennai Petroleum Corporation Limited.

Currently, the share price of CPCL on BSE (Bombay Stock Exchange) is Rs 1,098.30 and the total market cap of the company is beyond Rs 16,300 crore. The stock is a strong component of the BSE 500 index. From investment point of view, this stock has given a profit of 30 percent to the investors so far in the year 2026, whereas in the last one year its price has seen a strong jump of 80 percent. In such a situation, investors will keep a close eye on this stock on Monday.

Garden Reach Shipbuilders also got Navratna status, shares ready to take wings

The list of happiness that came from the government sector does not end here. Along with Chennai Petroleum, the government has also given ‘Navratna’ status to the defense sector giant Government company Garden Reach Shipbuilders and Engineers (GRSE). This is a huge achievement for this defense sector company.

After this announcement, there is every possibility of a stormy rise in the shares of Garden Reach Shipbuilders on Monday. Currently its share price on BSE is Rs 2,797.30 and the market cap of the company is more than Rs 32,000 crore. The track record of this defense stock has been extremely impressive; This stock has made investors rich by giving multibagger returns of 22 percent in the last 3 months and about 370 percent in the last 3 years.