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Confidence Futuristic Energetech is currently trading at Rs. 119.50, up by 6.40 points or 5.66% from its previous closing of Rs. 113.10 on the BSE.

The scrip opened at Rs. 119.75 and has touched a high and low of Rs. 125.00 and Rs. 118.10 respectively. So far 54919 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 169.20 on 19-Jun-2023 and a 52 week low of Rs. 94.65 on 11-May-2023.

Last one week high and low of the scrip stood at Rs. 125.00 and Rs. 105.00 respectively. The current market cap of the company is Rs. 300.37 crore.

The promoters holding in the company stood at 61.87%, while Non-Institutions held 38.13% stake in the company.

Confidence Futuristic Energetech’s subsidiary--Silversky Exim is setting up Green Hydrogen/ Nitrogen/CNG high pressure Type-4 Cylinder manufacturing unit in 5 Star MIDC Butibori Nagpur. 

The company through its subsidiary aims to become a frontrunner in providing solutions that accelerate adoption of renewable energy sources. The Type 4 cylinders will play a crucial role in efficient storage and transportation of green Hydrogen/ Nitrogen/CNG high pressure cylinders. Leveraging state-of-the-art German technology, this endeavour will spearhead the future of cylinder manufacturing in India.

Confidence Futuristic Energetech through its subsidiary is actively engaging in partnership with key players in green hydrogen ecosystem, including technology providers, energy companies and research institutions. These collaborations will further strengthen company's position in driving innovations and sustainability.

The company is engaged in Parellel LPG Market by the name of pack cylinder division with GO GAS ELITE as its brand and is into selling LPG to both domestic and commercial users at competitive rates.