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Confidence Petroleum gains on commissioning eight LPG dispensing stations

03 Dec 2018

Confidence Petroleum India is currently trading at Rs. 35.50, up by 0.20 points or 0.57% from its previous closing of Rs. 35.30 on the BSE.

The scrip opened at Rs. 35.60 and has touched a high and low of Rs. 35.85 and Rs. 34.60 respectively. So far 88213 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 57.00 on 07-Aug-2018 and a 52 week low of Rs. 27.50 on 12-Jan-2018.

Last one week high and low of the scrip stood at Rs. 36.00 and Rs. 34.00 respectively. The current market cap of the company is Rs. 972.11 crore.

The promoters holding in the company stood at 51.18%, while Institutions and Non-Institutions held 5.91% and 42.91% respectively.

Confidence Petroleum has commissioned eight more auto LPG dispensing station (Gas Stations) in the month of October and November, one in Karnataka, one in Telangana and the other six in Tamilnadu.

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