Confidence Petroleum surges as its arm starts project work to manufacture high pressure cylinder

03 Jun 2021 Evaluate

Confidence Petroleum India is currently trading at Rs. 63.50, up by 1.05 points or 1.68% from its previous closing of Rs. 62.45 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 63.65 and Rs. 62.00 respectively. So far 114185 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 68.25 on 18-May-2021 and a 52 week low of Rs. 17.20 on 05-Aug-2020.

Last one week high and low of the scrip stood at Rs. 64.95 and Rs. 59.80 respectively. The current market cap of the company is Rs. 1793.54 crore.

The promoters holding in the company stood at 57.41%, while Institutions and Non-Institutions held 6.32% and 36.27% respectively.

Confidence Petroleum’s subsidiary -- Confidence Futuristic Energetech has started project work to manufacture High Pressure cylinder (Oxygen, Industrial gases and CNG) at MIDC Umred near Nagpur. This up-coming unit will have capacity to manufacture 3,60,000 cylinders per annum.

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

84.40 -0.55 (-0.65%)
28-Mar-2024 15:30 View Price Chart
Peers
Company Name CMP
GAIL India 181.50
Petronet LNG 262.10
Linde India 6409.35
Confidence Petroleum 84.40
Refex Industries 133.80
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