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Confidence Petroleum India – 114% Profits

Posted on: September 26th, 2009 at 10:27 pm

Call given at 7, CMP 15. Book 114% (partial) profits at 15 and hold the rest for Long term.
Confidence Petroleum India (CONFIPET) is engaged in the liquid petroleum gas (LPG) bottling business. It was incorporated in July 1994 as a private limited company and converted into a limited company in September 1994. Earlier known as Deversa Gas-Chem, it got its present name on Feb. 21, 2006. The company is part of the Nagpur-based Confidence group, which is into the business of LPG cylinder manufacturing, bottling, marketing, blending, auto cylinder manufacturing and auto dispensing.

The company manufactures cylinders and is engaged in LPG bottling and distribution. It has fully absorbed the LPG bottling technology at its plants spread across Udaipur and Pali in Rajasthan; Raigad and Patalganga in Maharashtra; Coimbatore in Tamil Nadu; Haridwar in Uttaranchal; Chindwara, Gwalior and Jabalpur in Madhya Pradesh.

A plant in Patalganga manufactures cylinders, and the Andhra Pradesh State Government allotted a 10-acre piece of land in 2008 within a Visakhapatnam special economic zone to establish a second CNG cylinder manufacturing plant.

Currently trading around 7 and having a P/E of 11

Confidence Petroleum

Confidence Petroleum

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50 Responses

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Comment pages: 1234Show all

  1. Kartik Says:
    January 29th, 2010
    Posted at: 9:43 pm

    Hi Ankit, it can see 17.50 levels in a months time, but it would be better if you hold it for Long term, say 1-2 years time, as its a good bet for Investment


  2. pennyTrader Says:
    January 29th, 2010
    Posted at: 11:19 pm

    Hello
    Can I buy Confidence Petroleum India at current level for one year? What returns can i expect after a year?


  3. Kallol Mallick Says:
    February 1st, 2010
    Posted at: 5:27 am

    I like to buy confipet.Plz anticipate the target within 6 months.


  4. CB Says:
    February 1st, 2010
    Posted at: 7:22 am

    Hi pennyTrader, yes... has the potential to double

    Hi Kallol Mallick, it can see 13-14rs.


  5. ajay mandhare Says:
    February 5th, 2010
    Posted at: 4:30 pm

    hi i m Ajay mandhare.m new invester,wetheer m goin 2 long term or short term and with which?


  6. Anindya Chowdhury Says:
    February 25th, 2010
    Posted at: 12:34 pm

    Sir,
    please send me some penny stocks but potential multibaggers.
    I am new to Stock Market.It would be valuable to me if you who are expert guide me in this market kindly.


  7. Kallol Mallick Says:
    February 28th, 2010
    Posted at: 5:55 pm

    Sir,
    Is it proper time to buy punjlloyd now?


  8. CB Says:
    February 28th, 2010
    Posted at: 6:51 pm

    Hi ajay mandhare, for long term go with ifci, confidence petroleum and sel manufacturing

    Hi Anindya Chowdhury, here is the link of stocks: http://nseguide.com/category/penny-stocks/

    Hi Kallol Mallick, as of now one can enter it in small quantity


  9. HK Says:
    March 3rd, 2010
    Posted at: 1:17 pm

    Hi CB, I had bought 1000 CUB @26 2 months ago on the news that Bank is opening new Branches and expanding its business, can it go beyond 50 within 6 months time ?


  10. anil Says:
    March 18th, 2010
    Posted at: 11:10 am

    hai any 1 holding landmarc ????????


  11. Mahesh Says:
    March 25th, 2010
    Posted at: 6:53 pm

    CB, Why isnt Confidence petro shooting in direct proportionate with the market? Is it really a sound stock to bank upon?


  12. praveen Says:
    April 21st, 2010
    Posted at: 3:51 am

    Hi CB. How is the Krishna lifestyle tehcnologies ltd stock will investment make mulitbeggers stock. How isthe financial position, liquidty and fundamental of this compnay.

    I will apprecaite it.


  13. RAMA Says:
    October 29th, 2010
    Posted at: 8:11 am

    CB, Is Rpower to be bought the right time


  14. RAMA Says:
    October 29th, 2010
    Posted at: 8:33 am

    Hi ajay mandhare, HI, AJAY, ALOKTEX, ARVINTM, LAXMIMACH,MAYTAS, VASCON (ONLY SIX)


  15. madan Says:
    September 26th, 2011
    Posted at: 3:49 pm

    dear CB,

    i have already purchased Confidence petroleum 2400 shares, also read a lot about the stock being fundamentally strong... i would like to buy some more ...should i wait for lower levels or bu y at the current levels of 9.50/share

    regards


  16. monugana Says:
    May 12th, 2016
    Posted at: 12:43 pm

    Any Upside seen in confidence Petroleum from here i.e 5.00 Price (2016 Yr)

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