Confidence Petroleum India rose 1.06% to Rs 38.30 at 10:36 IST on BSE after the company said it commissioned three more auto LPG dispensing stations at porur in Tamil Nadu and Ahmednagar & Pandharpur in Maharashtra.
The announcement was made during trading hours today, 22 January 2018.Meanwhile, the S&P BSE Sensex was up 75.93 points, or 0.21% to 35,587.51.
On the BSE, 7.16 lakh shares were traded in the counter so far, compared with average daily volumes of 8.93 lakh shares in the past one quarter. The stock had hit a high of Rs 39.20 so far during the day, which is also record high for the counter. The stock had hit a low of Rs 36.50 so far during the day. The stock hit a 52-week low of Rs 7.45 on 30 January 2017.
The stock had outperformed the market over the past 30 days till 19 January 2018, rising 15.37% compared with 5.20% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 70.34% as against Sensex's 9.64% rise. The scrip had also outperformed the market in past one year, rising 376.13% as against Sensex's 31.36% rise.
The small-cap company has equity capital of Rs 25.88 crore. Face value per share is Re 1.
With this launches, the company has total 117 auto LPG dispensing stations in operation.
On a consolidated basis, net profit of Confidence Petroleum India rose 578.41% to Rs 5.97 crore on 17.58% rise in net sales to Rs 130.97 crore in Q2 September 2017 over Q2 September 2016.
Confidence Petroleum India is manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use.
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