Confidence Petroleum shines on joining hands with Time Technoplast

27 Feb 2019

Confidence Petroleum India is currently trading at Rs. 42.30, up by 1.50 points or 3.68% from its previous closing of Rs. 40.80 on the BSE.

The scrip opened at Rs. 41.90 and has touched a high and low of Rs. 42.40 and Rs. 41.90 respectively. So far 25586 shares were traded on the counter.

The BSE group 'B' 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. 28.05 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 42.40 and Rs. 37.05 respectively. The current market cap of the company is Rs. 1117.25 crore.

The promoters holding in the company stood at 51.56%, while Institutions and Non-Institutions held 5.96% and 42.48% respectively.

Confidence Petroleum India (CPIL) has joined hands with Time Technoplast (TTL), a leading technology based innovative polymer product company and manufacturer of new generation world class composite cylinders by entering into a 'Cooperation Agreement' with a view to give major thrust to retail LPG under the brand name 'GoGas Elite' making safe use of LPG in Indian Kitchens across the nation at the flick of the finger.

The company has launched the world class blast proof, light weight, translucent composite cylinders under the brand name 'GoGas Elite' in India a couple of months ago and during a short span has received overwhelming response from residential as well as commercial consumers. This cooperation is aimed at 'GoGas Elite' spreading its wings in more cities & towns across the country - making life of consumers safe & easy.

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