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Confidence Petroleum zooms on commissioning eleven LPG dispensing stations in December

02 Jan 2019

Confidence Petroleum India is currently trading at Rs. 41.90, up by 1.95 points or 4.88% from its previous closing of Rs. 39.95 on the BSE.

The scrip opened at Rs. 40.50 and has touched a high and low of Rs. 41.90 and Rs. 39.10 respectively. So far 362240 shares were traded on the counter.

The BSE group 'T' 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. 41.90 and Rs. 35.05 respectively. The current market cap of the company is Rs. 1147.37 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 completed and got License of eleven more Auto LPG Dispensing Stations (Gas Stations) in the month of December 2018, eight in Tamil Nadu and three in Karnataka State.

With these 11 new locations, the strength of the company’s ALDS stations has reached to 163. The company is marching ahead to achieve its target of 200 Auto LPG Stations by the end of March 31, 2019.

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