Confidence Petroleum spurts on bagging orders worth Rs 139.6 crore from BPCL

30 Jul 2018

Confidence Petroleum India is currently trading at Rs. 50.00, up by 0.60 points or 1.21% from its previous closing of Rs. 49.40 on the BSE.

The scrip opened at Rs. 49.50 and has touched a high and low of Rs. 51.50 and Rs. 49.50 respectively. So far 77721 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 56.50 on 10-Jul-2018 and a 52 week low of Rs. 14.90 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 51.25 and Rs. 49.00 respectively. The current market cap of the company is Rs. 1388.34 crore.

The promoters holding in the company stood at 53.82%, while Institutions and Non-Institutions held 1.15% and 45.03% respectively.

Confidence Petroleum has bagged orders worth Rs 139.6 crore from Bharat Petroleum Corporation (BPCL), for supply of 9.01 lakh LPG cylinders of capacity 14.2 kg.

The company is expecting similar orders from Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation (HPCL) also very shortly.

Confidence Petroleum is an India-based manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use. The Company is engaged in the sale of cylinder, LPG bottling, and filling/DPT/transport.

Related Confidence Petroleum India Ltd. Links:

Confidence Petroleum Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323