CONFIDENCE PETROLIUM
BSE: 526829 MARKET CAP: 491.79 PE : 15.70 INDUSTRY PE: 19.94
52 WEEK HIGH 27.00: 52 WEEK LOW :7.95
The performance of the Company for the financial year ended 2009-10.The total turnover for the year was Rs. 353.54 crThe company has incurred a Net profit (before tax) during the year of Rs. 32.29 cr..From the Consolidated Profit and Loss Account, it may be observed that the Turnover grew by 112.74% to Rs. 561.11 cr as compared to Rs. 263.74 cr in the previous year. Similarly, profit after tax and after minority interest for the year was Rs.28.94 crhigher by Rs. 10.30 cr as compared to Rs. 18.64 cr recorded in the previous year.
The company manufactures cylinders and is engaged in LPG bottling and distribution. It reported a sales turnover of Rs 163.49 crore and a net profit of Rs 11.80 crore for quarter-ended September 2010.The company has been very aggressive in terms of its expansion plans.a total 150 stations will be commissioned in FY11.At present they have 93 completed and another 57 in the pipeline. By FY11.expecting PAT of around Rs 68-70 crore by FY11 and targeting around Rs 105-110 crore in 2012.
buy this stock around 18.00 levels and on every dips. dont expect for short term gains. just buy and forgot for years. this one would be a sure multibagger intwo to three years.
BE CONFIDENT ON CONFIDENCE
BSE: 526829 MARKET CAP: 491.79 PE : 15.70 INDUSTRY PE: 19.94
52 WEEK HIGH 27.00: 52 WEEK LOW :7.95
The performance of the Company for the financial year ended 2009-10.The total turnover for the year was Rs. 353.54 crThe company has incurred a Net profit (before tax) during the year of Rs. 32.29 cr..From the Consolidated Profit and Loss Account, it may be observed that the Turnover grew by 112.74% to Rs. 561.11 cr as compared to Rs. 263.74 cr in the previous year. Similarly, profit after tax and after minority interest for the year was Rs.28.94 crhigher by Rs. 10.30 cr as compared to Rs. 18.64 cr recorded in the previous year.The company manufactures cylinders and is engaged in LPG bottling and distribution. It reported a sales turnover of Rs 163.49 crore and a net profit of Rs 11.80 crore for quarter-ended September 2010.The company has been very aggressive in terms of its expansion plans.a total 150 stations will be commissioned in FY11.At present they have 93 completed and another 57 in the pipeline. By FY11.expecting PAT of around Rs 68-70 crore by FY11 and targeting around Rs 105-110 crore in 2012.
buy this stock around 18.00 levels and on every dips. dont expect for short term gains. just buy and forgot for years. this one would be a sure multibagger intwo to three years.
BE CONFIDENT ON CONFIDENCE
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The current price is 2.75 .Any suggestions ?
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