Confidence Petroleum India gains on launching five new CNG stations in Bengaluru
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Confidence Petroleum India is currently trading at Rs. 82.97, up by 0.21 points or 0.25% from its previous closing of Rs. 82.76 on the BSE.
The scrip opened at Rs. 83.10 and has touched a high and low of Rs. 84.90 and Rs. 81.53 respectively. So far 84867 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 119.95 on 19-Feb-2024 and a 52 week low of Rs. 62.65 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 84.90 and Rs. 77.94 respectively. The current market cap of the company is Rs. 2692.34 crore.
The promoters holding in the company stood at 56.12%, while Institutions and Non-Institutions held 3.27% and 40.61% respectively.
Confidence Petroleum India (CPIL) has launched 5 new CNG stations in Bengaluru, increasing its total network to 40 stations. This significant expansion, achieved in collaboration with GAIL, underscores CPIL’s unwavering commitment to transforming Bangalore into a green city.
This milestone not only demonstrates its dedication to advancing towards a cleaner and more sustainable future but also reinforces its leadership in setting industry benchmarks. Reaching 40 CNG stations in such a short timeframe highlights its determination to drive Bangalore’s transition to cleaner fuel alternatives.
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.
