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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. uniyal Says:
    October 23rd, 2009
    Posted at: 12:44 pm

    Hi CB/Kartik Sir,

    Sir, i want to know about Moser Baer.. Should I buy it at CMP or wait... Plz give target if i buy it for 2-3 days only. Thanks


  2. SRIKANTH Says:
    October 25th, 2009
    Posted at: 4:47 pm

    DEAR CB,

    PLS SUGGEST ON PTC INDIA, I HAVE BOUGHT IT AT 105.80...WHAT SHOULD I DO NOW??


  3. CB Says:
    October 25th, 2009
    Posted at: 5:32 pm

    Hi MOHAMMED, its a good one..in long term it can double..in short term it has some resistance at 19

    Hi uniyal, dont enter it yet..wait for some dip..buy some around 85

    Hi SRIKANTH, keep it for short term..it can see 115


  4. girish Says:
    October 28th, 2009
    Posted at: 10:31 am

    any company in bse which has the potencial to be a kwality diary or channel guide please e-mail me at [email protected] mobile no is 09742764093


  5. girish Says:
    October 28th, 2009
    Posted at: 10:38 am

    any company which has the potential to be a kwality diary or channel guide please e-mail me at [email protected]
    09742764093


  6. girish Says:
    October 28th, 2009
    Posted at: 10:42 am

    PLEASE E-MAIL ME PENNY STOCKS WHICH HAVE THE POTENCIAL TO BECOME CHANNEL GUIDE OR KWALITY DIARY.PLEASE E-MAIL ME AT [email protected]
    09742764093


  7. Trader Investor Says:
    November 3rd, 2009
    Posted at: 7:49 pm

    Enter @ 7 exit @ 9 for short term
    Long term bright...


  8. Sonu Agarwala Says:
    November 17th, 2009
    Posted at: 7:40 pm

    I HAVE EKC I HOLD IT OR NOT?


  9. Kartik Says:
    December 25th, 2009
    Posted at: 10:53 pm

    Hi Sonu Agarwala, hold it for some more days, it can do well


  10. pravin fernandes Says:
    January 27th, 2010
    Posted at: 3:02 pm

    Hi, have 10,000 shares of cals refineries, should i hold for long term?


  11. Kartik Says:
    January 27th, 2010
    Posted at: 3:03 pm

    Hi pravin fernandes, yes, hold them, they can do well


  12. pravin fernandes Says:
    January 27th, 2010
    Posted at: 3:29 pm

    thank you for the input, how long should one hold cals refineries and what should be the targer price?


  13. pravin fernandes Says:
    January 27th, 2010
    Posted at: 4:00 pm

    should i hold on to GAIL,bought at 399


  14. Kartik Says:
    January 27th, 2010
    Posted at: 5:18 pm

    Hi pravin fernandes, most welcome. yes, hold cals for long term..will do well.. Gail is a hold for short term. will do well once nifty settles.


  15. Ankit Says:
    January 29th, 2010
    Posted at: 7:23 pm

    got Bgil films at 14.50 what is the 1 month target? thanks in advance


  16. 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

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