Confidence Petroleum jumps on the bourses

10 Mar 2021 Evaluate

Confidence Petroleum India is currently trading at Rs. 48.15, up by 0.80 points or 1.69% from its previous closing of Rs. 47.35 on the BSE.

The scrip opened at Rs. 48.50 and has touched a high and low of Rs. 49.20 and Rs. 47.50 respectively. So far 160884 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 49.10 on 08-Mar-2021 and a 52 week low of Rs. 12.85 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 49.20 and Rs. 44.25 respectively. The current market cap of the company is Rs. 1318.52 crore.

The promoters holding in the company stood at 55.17%, while Institutions and Non-Institutions held 4.97% and 39.87% respectively.

Confidence Petroleum has decided to set up CNG-High Pressure Cylinder manufacturing unit near Nagpur with a capacity of 3.60 lakh cylinders per annum of various capacities. The board has decided to workout feasibility for putting Cryogenic Cylinder manufacturing unit near Nagpur having capacity of 1.5 lakh units per annum of various capacities. The board has also given approval for putting LNG Tanks manufacturing unit near Nagpur.

Looking to the high demand & prospects of CNG, High Pressure Cylinders from OEM, Retrofitting & Cascades segment, company decided to set-up CNG-High Pressure Cylinder manufacturing unit.

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.

Confidence Petroleum Share Price

84.00 -0.95 (-1.12%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
GAIL India 181.50
Petronet LNG 262.10
Linde India 6409.35
Confidence Petroleum 84.00
Refex Industries 133.80
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