Confidence Petroleum India gains on commissioning 16 new Auto LPG Dispensing Stations
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Confidence Petroleum India is currently trading at Rs. 67.58, up by 0.44 points or 0.66% from its previous closing of Rs. 67.14 on the BSE.
The scrip opened at Rs. 67.69 and has touched a high and low of Rs. 68.30 and Rs. 67.30 respectively. So far 93621 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 89.60 on 21-Dec-2022 and a 52 week low of Rs. 44.20 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 68.87 and Rs. 62.83 respectively. The current market cap of the company is Rs. 1918.50 crore.
The promoters holding in the company stood at 61.45%, while Institutions and Non-Institutions held 3.65% and 34.90% respectively.
Confidence Petroleum India has commissioned 16 new Auto LPG Dispensing Stations (ALDS) to cater green fule requiremnet of cars and auto rikshaws. With this 16 new locations, the strength of the company's ALDS stations has reached to 235. Furthermore, the company’s CNG retailing division in Bangalore has crossed 50000 KG (per day) sale.
Confidence Petroleum India 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.
