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02-Apr2018

Confidence Petroleum rises on commissioning three Auto LPG Dispensing Stations

Confidence Petroleum India is currently trading at Rs. 30.90, up by 1.10 points or 3.69% from its previous closing of Rs. 29.80 on the BSE.

The scrip opened at Rs. 30.00 and has touched a high and low of Rs. 30.95 and Rs. 29.85 respectively. So far 1,41,000 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 39.20 on 22-Jan-2018 and a 52 week low of Rs. 7.65 on 31-Mar-2017.

Last one week high and low of the scrip stood at Rs. 31.50 and Rs. 28.05 respectively. The current market cap of the company is Rs. 815.33 crore.

The promoters holding in the company stood at 53.71%, while Non-Institutions held 46.29% respectively.

Confidence Petroleum India has commissioned three more Auto LPG Dispensing Stations. Of these, one station has been commissioned at Wardha Road, Nagpur, while two stations have been commissioned in Chennai at Seenerkuppam and M.K.B. Nagar.

With this, the company has total 127 AUTO LPG Dispensing Stations in operation. Earlier, the company had targeted launching 140 AUTO LPG Dispensing Stations by March, 2018.

Confidence Petroleum 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.



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