Confidence Petroleum rises on starting 13 additional Auto LPG dispensing stations
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Confidence Petroleum India is currently trading at Rs. 84.88, up by 0.92 points or 1.10% from its previous closing of Rs. 83.96 on the BSE.
The scrip opened at Rs. 84.53 and has touched a high and low of Rs. 86.91 and Rs. 84.10 respectively. So far 43621 shares were traded on the counter.
The BSE group 'B' 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. 90.69 and Rs. 82.37 respectively. The current market cap of the company is Rs. 2820.06 crore.
The promoters holding in the company stood at 55.89%, while Institutions and Non-Institutions held 2.46% and 41.65% respectively.
Confidence Petroleum India has commissioned 13 additional Auto LPG Dispensing Stations (ALDS), bringing the total to 274 ALDS stations. This achievement aligns with its vision of promoting clean and eco-friendly auto fuel for a greener future and reducing vehicular pollution.
The commissioning of these 13th ALDS stations was accomplished in a remarkably short period. The company is ambitiously targeting the completion of 100 Auto LPG stations by the end of the fiscal year 2024-2025.
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.
