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CONFIPET
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Recent events
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News
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Corporate Actions
Confidence Petroleum jumps on commissioning CNG stations in Bengaluru city
** Shares of Confidence Petroleum India CONF.NS rise 4.9% to 75.75 rupees
** CNG station operator commissions five new CNG stations in Bengaluru, raising total in the city to 45
** Co plans to set up 100 CNG stations in Bengaluru
** Stock set to snap two-session losing streak
** CONF fell 21.9% in 2024 vs 14.7% gain in 2023
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Confidence Petroleum India CONF.NS rise 4.9% to 75.75 rupees
** CNG station operator commissions five new CNG stations in Bengaluru, raising total in the city to 45
** Co plans to set up 100 CNG stations in Bengaluru
** Stock set to snap two-session losing streak
** CONF fell 21.9% in 2024 vs 14.7% gain in 2023
(Reporting by Vijay Malkar)
(([email protected];))
Confidence Petroleum India June-Quarter Consol Profit 154.4 Mln Rupees
Aug 8 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
CONFIDENCE PETROLEUM INDIA LTD JUNE-QUARTER CONSOL PROFIT 154.4 MILLION RUPEES
CONFIDENCE PETROLEUM INDIA LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.78 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: CONF.NS
(([email protected];))
Aug 8 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
CONFIDENCE PETROLEUM INDIA LTD JUNE-QUARTER CONSOL PROFIT 154.4 MILLION RUPEES
CONFIDENCE PETROLEUM INDIA LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.78 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: CONF.NS
(([email protected];))
India's Confidence Petroleum up after acquiring Punjab Petroleum Corporation
** Shares of Confidence Petroleum India CONF.NS up 2.2% to 83 rupees, their biggest intraday pct gain since June 21
** LPG cylinders maker acquires 99.99% stake in Punjab Petroleum Corporation
** Co acquires 2.3 mln shares for 19.5 rupees each
** CONF sees busiest day in a week, with over 673,000 shares traded
** CONF trading below 50-, 100-, 200- day moving avgs for the seventh straight day
** Stock down 7.8% YTD, after gaining 14.7% in 2023
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Confidence Petroleum India CONF.NS up 2.2% to 83 rupees, their biggest intraday pct gain since June 21
** LPG cylinders maker acquires 99.99% stake in Punjab Petroleum Corporation
** Co acquires 2.3 mln shares for 19.5 rupees each
** CONF sees busiest day in a week, with over 673,000 shares traded
** CONF trading below 50-, 100-, 200- day moving avgs for the seventh straight day
** Stock down 7.8% YTD, after gaining 14.7% in 2023
(Reporting by Aleef Jahan in Bengaluru)
Confidence Petroleum India Acquisition Of Punjab Petroleum Corporation
July 2 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
CONFIDENCE PETROLEUM INDIA LTD - ACQUISITION OF PUNJAB PETROLEUM CORPORATION
CONFIDENCE PETROLEUM INDIA - ACQUIRED 99.99% STAKE IN PUNJAB PETROLEUM CORPORATION
CONFIDENCE PETROLEUM INDIA - COST OF ACQUISITION AT 19.50 RUPEES PER SHARE
Source text for Eikon: ID:nNSE49Wvm0
Further company coverage: CONF.NS
(([email protected];))
July 2 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
CONFIDENCE PETROLEUM INDIA LTD - ACQUISITION OF PUNJAB PETROLEUM CORPORATION
CONFIDENCE PETROLEUM INDIA - ACQUIRED 99.99% STAKE IN PUNJAB PETROLEUM CORPORATION
CONFIDENCE PETROLEUM INDIA - COST OF ACQUISITION AT 19.50 RUPEES PER SHARE
Source text for Eikon: ID:nNSE49Wvm0
Further company coverage: CONF.NS
(([email protected];))
Confidence Petroleum India Commissioned 13 More Auto Lpg Dispensing Stations
June 10 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
COMMISSIONED 13 MORE AUTO LPG DISPENSING STATIONS
WITH THIS ADDITION, TOTAL NUMBER OF ALDS STATIONS OF CO HAS REACHED 261
Further company coverage: CONF.NS
(([email protected];))
June 10 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
COMMISSIONED 13 MORE AUTO LPG DISPENSING STATIONS
WITH THIS ADDITION, TOTAL NUMBER OF ALDS STATIONS OF CO HAS REACHED 261
Further company coverage: CONF.NS
(([email protected];))
Confidence Petroleum India hits record high on partnership with BW LGP
** Shares of Confidence Petroleum India CONF.NS jump 13.8% to record high of 117.9 rupees
** Co signs deal with BW LPG BWLPG.OL to source and deliver LPG from international market
** Stock hit record high on Friday as well; closed up 13.5%
** Trading vol on the day is over 26.5 mln shares vs 32.5 mln vol on Fri, which was stock's busiest day ever
** Stock up ~38% so far in Feb, already 4th best month since June 2019 listing (record monthly gain is just shy of 40%)
India's Confidence Petroleum surges to a record high https://reut.rs/3UFuV7P
(Reporting by Varun Vyas and Bharath Rajeswaran in Bengaluru)
** Shares of Confidence Petroleum India CONF.NS jump 13.8% to record high of 117.9 rupees
** Co signs deal with BW LPG BWLPG.OL to source and deliver LPG from international market
** Stock hit record high on Friday as well; closed up 13.5%
** Trading vol on the day is over 26.5 mln shares vs 32.5 mln vol on Fri, which was stock's busiest day ever
** Stock up ~38% so far in Feb, already 4th best month since June 2019 listing (record monthly gain is just shy of 40%)
India's Confidence Petroleum surges to a record high https://reut.rs/3UFuV7P
(Reporting by Varun Vyas and Bharath Rajeswaran in Bengaluru)
Confidence Petroleum India Issued And Allotted 1.1 Mln Shares
Dec 22 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
ISSUED AND ALLOTTED 1.1 MILLION SHARES
Further company coverage: CONF.NS
(([email protected];))
Dec 22 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
ISSUED AND ALLOTTED 1.1 MILLION SHARES
Further company coverage: CONF.NS
(([email protected];))
Singapore's BW LPG to invest $30 mln in JV with Confidence Petroleum India
Updates with details in paragraph 2-4, share moves in paragraph 5
BENGALURU, Nov 30 (Reuters) - Singapore-based BW LPG BWLPG.OL will invest $30 million in Confidence Petroleum India CONF.NS through preferential allotment of shares, and form a joint venture to develop LPG import infrastructure, the companies said on Thursday.
The Indian liquefied petroleum gas (LPG) cylinder maker will issue up to 28.2 million shares to BW VLGC Pte, a unit of the Norway-listed LPG shipper, at 88.6 rupees apiece, an exchange filing showed on Thursday.
Confidence Petroleum will also enter into a joint venture agreement with BW VLGC to develop LPG-importing infrastructure. Both companies will have equal ownership in the newly formed joint venture company, BW Confidence Enterprise Pvt.
The joint venture will also enter into a further agreement with liquified storage tank provider Ganesh Benzoplast GNSB.NS for the development and operation of a new LPG onshore terminal at Jawaharlal Nehru Port Association (JNPA) port in Mumbai.
Shares of Confidence Petroleum rose 2% after the announcement, while Ganesh Benzoplast surged 3.6% in early trade.
(Reporting by Manvi Pant in Bengaluru; Editing by Rashmi Aich and Eileen Soreng)
(([email protected]; +918447554364;))
Updates with details in paragraph 2-4, share moves in paragraph 5
BENGALURU, Nov 30 (Reuters) - Singapore-based BW LPG BWLPG.OL will invest $30 million in Confidence Petroleum India CONF.NS through preferential allotment of shares, and form a joint venture to develop LPG import infrastructure, the companies said on Thursday.
The Indian liquefied petroleum gas (LPG) cylinder maker will issue up to 28.2 million shares to BW VLGC Pte, a unit of the Norway-listed LPG shipper, at 88.6 rupees apiece, an exchange filing showed on Thursday.
Confidence Petroleum will also enter into a joint venture agreement with BW VLGC to develop LPG-importing infrastructure. Both companies will have equal ownership in the newly formed joint venture company, BW Confidence Enterprise Pvt.
The joint venture will also enter into a further agreement with liquified storage tank provider Ganesh Benzoplast GNSB.NS for the development and operation of a new LPG onshore terminal at Jawaharlal Nehru Port Association (JNPA) port in Mumbai.
Shares of Confidence Petroleum rose 2% after the announcement, while Ganesh Benzoplast surged 3.6% in early trade.
(Reporting by Manvi Pant in Bengaluru; Editing by Rashmi Aich and Eileen Soreng)
(([email protected]; +918447554364;))
Confidence Petroleum India To Consider Fund Raising
Nov 29 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
TO CONSIDER FUND RAISING THROUGH ISSUE OF EQUITY SHARES
Source text for Eikon: ID:nBSEbWXfTs
Further company coverage: CONF.NS
(([email protected];;))
Nov 29 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
TO CONSIDER FUND RAISING THROUGH ISSUE OF EQUITY SHARES
Source text for Eikon: ID:nBSEbWXfTs
Further company coverage: CONF.NS
(([email protected];;))
Confidence Petroleum India To Consider Fund Raising Through Issue Of Shares
Nov 27 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
TO CONSIDER FUND RAISING THROUGH ISSUE OF SHARES
Source text for Eikon: ID:nBSEkXBZr
Further company coverage: CONF.NS
(([email protected];))
Nov 27 (Reuters) - Confidence Petroleum India Ltd CONF.NS:
TO CONSIDER FUND RAISING THROUGH ISSUE OF SHARES
Source text for Eikon: ID:nBSEkXBZr
Further company coverage: CONF.NS
(([email protected];))
Confidence Petroleum India rises on commissioning LPG outlets
** Shares of Confidence Petroleum India CONF.NS up as much as 4.22% at 79 rupees, their highest since Aug. 2
** Liquefied petroleum gas cylinders maker said it commissioned 13 additional auto LPG dispensing stations
** About 1.3 million shares change hands as of 10:06 a.m. IST, 1.3x 30-day average
** Stock down 2.9% YTD as of last close
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Confidence Petroleum India CONF.NS up as much as 4.22% at 79 rupees, their highest since Aug. 2
** Liquefied petroleum gas cylinders maker said it commissioned 13 additional auto LPG dispensing stations
** About 1.3 million shares change hands as of 10:06 a.m. IST, 1.3x 30-day average
** Stock down 2.9% YTD as of last close
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Confidence Petroleum India up 7% on March quarter profit growth
** Shares of Confidence Petroleum India Ltd CONF.NS rise as much as 7.35% to 67.90 rupees
** Liquefied petroleum gas cylinders maker reports 80% rise in profit attributable to owners at 244.8 mln rupees ($3 mln)
** Revenue from operations nearly doubles to 6.73 bln rupees
** Co commissions 16 new auto LPG dispensing stations to cater to green fuel requirements of cars and auto rickshaws
** Says its compressed natural gas (CNG) retailing division in Bengaluru crosses 50,000 kg sales per day
** Trading volume is 1.59 mln shares as of 2:57 p.m. IST, nearly twice the 30-day avg - Refinitiv data
(1 USD = 82.6766 rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Confidence Petroleum India Ltd CONF.NS rise as much as 7.35% to 67.90 rupees
** Liquefied petroleum gas cylinders maker reports 80% rise in profit attributable to owners at 244.8 mln rupees ($3 mln)
** Revenue from operations nearly doubles to 6.73 bln rupees
** Co commissions 16 new auto LPG dispensing stations to cater to green fuel requirements of cars and auto rickshaws
** Says its compressed natural gas (CNG) retailing division in Bengaluru crosses 50,000 kg sales per day
** Trading volume is 1.59 mln shares as of 2:57 p.m. IST, nearly twice the 30-day avg - Refinitiv data
(1 USD = 82.6766 rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
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What does Confidence Petroleum do?
Confidence Petroleum India Limited is a prominent private organization in India, recognized as a major player in the LPG sector. They excel in cylinder manufacturing, LPG bottling, blending, and run Auto LPG dispensing stations.
Who are the competitors of Confidence Petroleum?
Confidence Petroleum major competitors are GAIL India, Aegis Logistics, Guj. State Petronet, Petronet LNG, ONGC, Mahanagar Gas, Indraprastha Gas. Market Cap of Confidence Petroleum is ₹1,795 Crs. While the median market cap of its peers are ₹27,224 Crs.
Is Confidence Petroleum financially stable compared to its competitors?
Confidence Petroleum seems to be less financially stable compared to its competitors. Altman Z score of Confidence Petroleum is 3.56 and is ranked 5 out of its 8 competitors.
Does Confidence Petroleum pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Confidence Petroleum latest dividend payout ratio is 3.13% and 3yr average dividend payout ratio is 3.25%
How has Confidence Petroleum allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments
How strong is Confidence Petroleum balance sheet?
Balance sheet of Confidence Petroleum is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Confidence Petroleum improving?
The profit is oscillating. The profit of Confidence Petroleum is ₹73.34 Crs for TTM, ₹101 Crs for Mar 2024 and ₹80.95 Crs for Mar 2023.
Is the debt of Confidence Petroleum increasing or decreasing?
Yes, The debt of Confidence Petroleum is increasing. Latest debt of Confidence Petroleum is ₹342 Crs as of Sep-24. This is greater than Mar-24 when it was -₹87.41 Crs.
Is Confidence Petroleum stock expensive?
Confidence Petroleum is not expensive. Latest PE of Confidence Petroleum is 24.47, while 3 year average PE is 26.74. Also latest EV/EBITDA of Confidence Petroleum is 6.21 while 3yr average is 9.97.
Has the share price of Confidence Petroleum grown faster than its competition?
Confidence Petroleum has given better returns compared to its competitors. Confidence Petroleum has grown at ~24.01% over the last 8yrs while peers have grown at a median rate of 6.75%
Is the promoter bullish about Confidence Petroleum?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Confidence Petroleum is 55.89% and last quarter promoter holding is 55.89%.
Are mutual funds buying/selling Confidence Petroleum?
There is Insufficient data to gauge this.