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CONFIPET
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-0.20 (-0.25%)
Previous Close: 81.1
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Elliott Wave

🟢🟢 12-07-21 New Shorter-Term Momentum Idea Confidence Petro Ind Ltd LTP ~ ₹66.70/- TP ~ ₹75/- SL ~₹64/- Closing below #CONFIPET #InvestmentIdeas

Alpha Signals

#CONFIPET Buy above 62 Sl 56.8 Target 72.36 Swing traders : within 10 to 15 days

Ajmal shamsudeen

Professional Swing Trader

Insider Trades ⭐West Coast Paper: Promoters Veer Enterprises and Shree Satyanarayan Investments acquired 38,000 shares between December 30-31. ⭐Confidence Petroleum India: Promoters Confidence LPG Bottling and Essenn LPG Bottling acquired 5.25 lakh shares between December 28-31. ⭐V-Mart Retail: Promoter Smiti Agarwal sold 10,700 shares on December 31. ⭐Astra Microwave Products: Promoter C Prameelamma sold 70,000 shares on December 31. ⭐Satia Industries: Promoter Chirag Satia acquired 32,500 shares on December 31. ⭐Vardhman Textiles: Promoter Vardhman Holdings acquired 38,000 shares on December 31. ⭐Ganesha Ecosphere: Promoters acquired 15,250 shares between December 2-31. ⭐Bhageria Industries: Promoter Rakesh Bhageria acquired 5,318 shares on December 31. #NIFTY50 #WSTCSTPAPR #CONFIPET #VMART #ASTRAMICRO #SATIA

Tta

#CONFIPET Confidence Petro CMP 36 View: The group has vertically integrated operations, wherein the cylinder manufacturing units assist in providing an in house infrastructure for its LPG Cylinder marketing (Go Gas), which is further supported by LPG Bottling & Blending units. Further, the LPG Bottling & Blending units also serve as a hub to store Auto LPG Dispensing Stations for logistical advantages, a rare combination amongst the industry players. The group operates in the packed cylinder division and LPG Bottling & Blending under the brand name ‘Go Gas’. Financial - ROE and ROCE is around 16% and 12% respectively. - Forward PE is around 40 which is high as per industry benchmark. - Operating profit margin is around 15% which is stable and increasing trend in past two quarter. - Muted revenue growth in Q2FY21 and negative growth in Q1FY21 due to lockdown impact - Debt is declined in this quarter. - Promoter holds around 54.1% in this quarter which is strong and stable, FIIs hold around 5% Strength - Promoter is continoulsy increasing their stake and more than 2% added in last 1 year and QoQ promoter is increasing their stake. - The operations of the company are spread all over India with a total of 15 cylinder manufacturing units, 58 LPG bottling and blending plants and 227 ALDS stations at the group level. - Reputed clientele: The company caters to various reputed customers in the energy and oil industry, namely, Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, LPG Infrastructure Private Limited among others. - The net worth of Confidence is healthy, estimated at around Rs. 458.65 crore as on March 31, 2020. The net worth levels have seen significant improvement over the last three years through FY2020 on account of healthy profitability. - Debt is reducing in QoQ - Strong operating cash flows and liquidity is also sound Risk/Weakness - With an increase in usage of gas pipeline in the urban area, the group faces intense competition from the same. Further, the group is exposed to the sustainability of margins as the total raw material comprises of around 70 per cent of total sale. - Company manufactures LPG cylinders and does bottling of LPG for IOCL, BPCL, and HPCL, which account for almost ~25-30 per cent of its revenue. The group gets orders through tenders and operates in a highly fragmented industry which profit margin is very muted. PAT margin in FY 20 less than 5%. View Curent valuation seems high and as per continoulsy market reaching new peak share can reach 42-45 level in short term. Adding at CMP should be done on systematic basis or it can be risky too. Any correction in nearterm can be opportunity to add. Views are personally in nature. This is not buying/selling recommendation. Please throughly due diligence or check with your financial advisor before enter or exit the shares.

Sridhar Balakrishnan

Sridhar Balakrishnan

Sridhar Balakrishnan

Love Sharma-display-image
Reputation: 192  •  Yesterday 11:56 AM

#confipet - Inverse head & shoulder on daily and Room till 95
Chartbusters - chart - 17076252
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CV Markets-display-image
Reputation: 448  •  Nov 23 7:02 AM

Looks good, need a volume confirmation, great accumalation seen around 74 Zone, it should be on radar
Chartbusters - chart - 16688385
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Veeru Patil-display-image
Reputation: 390  •  Nov 1 5:32 AM

#CONFIPET second trending stocks after EV. Setting up 150 CNG stations in the Bangalore city. Hope for the better quarterly results to move price higher
Chartbusters - chart - 14997067
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Elliott Wave-display-image
Reputation: 21,209  •  Oct 21 4:46 AM

#CONFIPET Our Minimum Tg is done in this stock

Now will wait for next pattern confirmation for buying this stock

or need to find another good stock which give us good return
Chartbusters - chart - 14525214
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ResultsBot-display-image
Reputation: 20,221  •  May 25 12:30 PM

#CONFIPET will declare results on May 27, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Elliott Wave-display-image
Reputation: 21,209  •  Apr 30 10:50 AM

#CONFIPET Support Zone at 49 will look for buy entry once pattern get complete for Tg of 90 and more
Chartbusters - chart - 8994470
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ResultsBot-display-image
Reputation: 20,221  •  Jan 29 12:30 PM

#CONFIPET will declare results on Jan 31, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Chartsandequity-display-image
Reputation: 4,233  •  Jan 20 2:30 AM
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Great Eagle Capital -display-image
Reputation: 12,363  •  Aug 28, 2021 5:05 AM

#CONFIPET BUY MODE TGT 87/106 SL 64(WEEKLY CLBS)
CONFIPET - 4399873
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Chartsandequity-display-image
Reputation: 4,233  •  Aug 18, 2021 2:32 AM

Confidence Petro - Cmp 71.6
Above 68.45 looks awesome for target of 83 - 98
CONFIPET - chart - 4272120
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lowkey-display-image
Reputation: 1,932  •  Aug 17, 2021 3:38 AM

Gave a fresh breakout. Enter for medium term investment.
CONFIPET - chart - 4271763
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Equity And Option Trader-display-image
Reputation: 37,227  •  Aug 17, 2021 2:11 AM
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Reputation: 37,227  •  Aug 17, 2021 9:53 AM
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Mukul Choudhary-display-image
Reputation: 1,994  •  Jul 12, 2021 4:22 AM
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Alpha Signals-display-image
Reputation: 29,890  •  Jul 12, 2021 6:24 AM

🟢🟢 12-07-21 New Shorter-Term Momentum Idea
Confidence Petro Ind Ltd
LTP ~ ₹66.70/-
TP ~ ₹75/-
SL ~₹64/- Closing below

#CONFIPET #InvestmentIdeas
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Ajmal shamsudeen-display-image
Reputation: 4,017  •  Jun 19, 2021 5:05 AM

Buy above 62
Sl
56.8
Target 72.36
Swing traders : within 10 to 15 days
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Professional Swing Trader-display-image
Reputation: 32  •  May 20, 2021 2:36 AM

CONFIPET - chart - 3149080
Brutal signs of a winner ! Resilient to market ! Long way to go ! I have a position.
#Riskmanagement
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Sridhar Balakrishnan-display-image
Reputation: 193,914  •  May 1, 2021 10:26 AM
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A
Reputation: 136  •  Feb 10, 2021 7:03 AM
Anand in CONFIPET
Trade entered: Buy CONFIPET @43.05 Target@80 SL...
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Tta-display-image
tta 
Reputation: 13,276  •  Jan 4, 2021 2:34 AM

Insider Trades

⭐West Coast Paper: Promoters Veer Enterprises and Shree Satyanarayan Investments acquired 38,000 shares between December 30-31.

⭐Confidence Petroleum India: Promoters Confidence LPG Bottling and Essenn LPG Bottling acquired 5.25 lakh shares between December 28-31......read more
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Sridhar Balakrishnan-display-image
Reputation: 193,914  •  Dec 25, 2020 6:22 AM

Confidence Petro CMP 36 View:
The group has vertically integrated
operations, wherein the cylinder manufacturing units assist in providing an in house infrastructure for its
LPG Cylinder marketing (Go Gas), which is further supported by LPG Bottling & Blending unit......read more
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Sridhar Balakrishnan-display-image
Reputation: 193,914  •  Dec 25, 2020 10:53 AM

CONFIPET - 1832175
*CONFIPET (CONFIDENCE PETROLEUM) Today's high 39.15*. RETURNS 63% IN 6 MONTHS 👍✅ 💃💃💃💃
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Sridhar Balakrishnan-display-image
Reputation: 193,914  •  Nov 27, 2020 11:39 AM

Investment Ideas - 1705165
CONFIPET (CONFIDENCE PETROLEUM) STARTED MOVING. NOW IN PROFIT. CMP 27.90. Let's wait for targets 👍✅
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Expert Opinions-display-image
Reputation: 2,345  •  Aug 7, 2020 3:28 AM

*BUY CONFIPET AROUND 18.50 - SL 17 BREAK -- TAR 19.50 - 22+ (AUGUST)* #CONFIPET
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Sridhar Balakrishnan-display-image
Reputation: 193,914  •  Jun 17, 2020 3:41 AM
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Sridhar Balakrishnan-display-image
Reputation: 193,914  •  Jun 17, 2020 12:02 PM
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