Confidence Petroleum India Ltd

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CONFIPET •
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Start SIP in Confidence Petroleum India Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

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Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
New 52W High in past week
31.3
TTM PE Ratio
Below industry Median
31.2
Price to Book Ratio
Below industry Median
4.1
Dividend yield 1yr %
0.1
TTM PEG Ratio
PEG TTM is less than 1
0.7
RSI
RSI Overbought
72.3
MFI
MFI Overbought
70.3

Confidence Petroleum India Ltd Key Financials

*All values are in ₹ Cr.

Confidence Petroleum India Ltd shareholding Pattern

Promoter
61.6%
Foreign Institutions
2.1%
Mutual Funds
1.2%
Domestic Institutions
1.2%
Public
35%

Confidence Petroleum India Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
109.60
10Day EMA
104.60
12Day EMA
103.20
20Day EMA
99.20
26Day EMA
97.40
50Day EMA
93.90
100Day EMA
90.10
200Day EMA
84.70
Delivery & Volume
Resistance & Support
111.55
Pivot
Resistance
First Resistance
116.80
Second Resistance
119.75
Third Resistance
125
Support
First Support
108.60
Second support
103.35
Third Support
100.40
Relative Strength Index
72.31
Money Flow Index
70.29
MACD
5.74
MACD Signal
3.37
Average True Range
6.49
Average Directional Index
31.59
Rate of Change (21)
35.54
Rate of Change (125)
34.57

Confidence Petroleum India Ltd Company background

Founded in: 1994
Confidence Petroleum India Limited was established on July 21, 1994. The Company is one of leading manufacturers of LPG Cylinders in India along with its repairing activity, prominent supplier of Auto LPG in India with its network of bottling plants and ALDS Stations across India, into Parallel LPG Market by the name of pack cylinder division with GO GAS as its brand, into selling LPG to both domestic and commercial users at competitive rates, into bottling blending /marketing of LPG and also in its Logistic business.The company came out with a public issue in Feb.95 to set up two LPG bottling plants near Pali and Udaipur in Rajasthan. The installed capacity is 7200 tpa each with a total capacity of 14,400 tpa.Commercial production at Pali commenced in Mar.95. It launched its product in the Devarsa Gas brand name, in Rajasthan. In Mar.96, the company commenced commercial production at its second bottling plant at Udaipur. In 199596, the it launched a 25kg gas capacity cylinder for the first time in India for the commercial and industrial segment.To ensure better utilisation of its bottling plants, the Company is doing contract filling of cylinders of other companies on jobwork basis alongwith bottling of own branded cylinders.During the current F.Y. 200506, company started LP6 bottling assistance for M/s I ndian Oil Corporation Ltd. at Udaipur by giving Plant on lease to M/s Gaspoint Petroleum (I) Ltd. It also started marketing in the commercial / industrial segment.Companies such as, Envy Cylinders Pvt. Ltd., Hemkunt Petroleum Ltd, Gomti Gaspoint Bottling Pvt. Ltd., Taraa LPG Bottling Pvt. Ltd. Neora Gaspoint Bottling Pvt. Ltd. , Agwan Coach Private Limited, Laxmi Nirmal Petrochemicals Limited, Keppy Infrastructure Developers Pvt. Ltd and Confidence Go Gas Ltd. became subsidiaries during the year 2008. The Board of Directors of the Company at its meeting held on June 20, 2007, finally approved the scheme of arrangement cum amalgamation of the Company with Maharashtra Cylinders Pvt Ltd, Khara Gas Equipments Pvt Ltd, Hans Gas Appliances Pvt Ltd along with the exchange ratio of the shares between the transferor and transferee Companies. The approved exchange ratio is as under: 1. 20 Equity shares of Re 1 each of the Company for every 1 Equity Share of Rs 100/ each of Khara Gas Equipments Pvt Ltd.The Company got into ever growing market of Indonesia with its newly formed subsidiary M/s PT Surya Go Gas Indonesia, a joint Venture company with 70% stake of company of in equity of JV, which started LPG Cylinder Manufacturing plant at Indonesia and further the JV had firmed up its plan for opening 6 LPG Bottling plants and with this, the company committed a CAPEX of 50 Crs. in F.Y. 200910 for various projects in Indonesian.In FY 201011, Company implemented their expansion plan in India as well as in overseas. The Company established new Bottling plant in overseas Market in Indonesia as PT MULTI ARTHA MANDIRI, a subsidiary of P. T. SURYA GO GAS, INDONESIA, which is a subsidiary of Confidence. The Company through its 100% subsidiary Confidence Go Gas Ltd entered into long term agreement to supply LPG to major multinational companies for automobiles in India. CPIL setup 99 Auto LPG Dispensing Station (ALDS) across the Country. The Company acquired more than 50% shares of M/s CONFIDENCE FUTURISTICENERGETECH LIMITED ( Formally Known Globe Industrial Resources Limited) through open offer and resultant, M/s Confidence Futurestic Energetech Limited was made the Subsidary of the company during 201718. During the year, through its subsidary CONFIDENCE FUTURISTIC ENERGETECH LIMITED,the Company launched the Blast proof Composite cylinders.
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Confidence Petroleum India Ltd FAQs

Confidence Petroleum India Ltd shares are currently priced at 113.85 on NSE and 113.89 on BSE as of 2/21/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Confidence Petroleum India Ltd [CONFIPET] share was 81.14. The Confidence Petroleum India Ltd [CONFIPET] share hit a 1-year low of Rs. 55.3 and a 1-year high of Rs. 120.

The market cap of Confidence Petroleum India Ltd is Rs. 3291.42 Cr. as of 2/21/2024 12:00:00 AM.

The PE ratios of Confidence Petroleum India Ltd is 31.03 as of 2/21/2024 12:00:00 AM.

The PB ratios of Confidence Petroleum India Ltd is 4.38 as of 2/21/2024 12:00:00 AM

The Mutual Fund Shareholding was 1.25% at the end of 2/21/2024 12:00:00 AM.

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