This small-cap company bags an order from Bharat Petroleum Corporation
The stock has jumped more than 30 per cent in the last 6 months.
On January 31, 2023, Confidence Petroleum India Limited informed in the exchange filing that it received an order to supply 200 units of CNG cascades from Bharat Petroleum Corporation Limited (BPCL). The order is worth Rs 40 crore.
Confidence Petroleum India Ltd is engaged in the manufacturing of LPG cylinders and is also a supplier of auto LPG in India with its network of bottling plants and Auto LPG dispensing stations across India. It also supplies packed LPG cylinders and is also engaged in LPG bottling catering to industrial and commercial customers. And it has strategic tie-ups with companies in China and Israel for the redistribution of products and services in LPG and Future fuel or gas segments.
Today, the stock opened at Rs 71.00 and made a high and low of Rs 74.65 and 70.30. It closed trading at Rs 73.60 up by 3.66 per cent.
The stock has a 52-week high of Rs 89.60 and a 52-week low of 44.20. The company has a ROCE of 17.8 per cent and an ROE of 14.6 per cent.