During Monday’s trading session, shares of a company engaged in the manufacturing of LPG cylinders and a supplier of auto LPG in India surged nearly 5.3 percent on the BSE, despite ace investor Madhusudhan Kela, through his investment trust, trimming his stake by 1.01 percent in the company.
With a market cap of Rs. 1,748 crores, at 12:26 p.m., the shares of Confidence Petroleum India Limited were trading in the green at Rs. 52.62 on BSE, up by around 4 percent, as against its previous closing price of Rs. 50.5. The stock has delivered negative returns of around 35 percent in one year, and has fallen by over 13 percent in the last one month.
What’s the News
According to the latest bulk deal data available with the NSE, Cohesion MK Best Ideas Sub Trust—the investment fund backed by Madhusudan Kela—offloaded nearly 33.6 lakh equity shares of Confidence Petroleum, trimming its stake by 1.01 percent. The transaction was valued at nearly Rs. 17.4 crores, with the shares sold at an average price of Rs. 51.86 per share.
As per the latest shareholding data available with the BSE, Cohesion MK Best Ideas Sub Trust, listed under the Foreign Portfolio Investors (FPI) Category, held a 1.49 percent stake in the company.
Financials & more
Confidence Petroleum reported a significant growth in its revenue from operations, showing a year-on-year rise of around 46 percent from Rs. 631 crores in Q4 FY24 to Rs. 925 crores in Q4 FY25. Similarly, its net profit increased during the same period from Rs. 14 crores to Rs. 27 crores, representing an impressive rise of around 93 percent YoY.
Confidence Petroleum India Limited is one of India’s leading manufacturers of LPG cylinders and also undertakes their repair. It is a prominent supplier of Auto LPG in India, with a strong nationwide network of bottling plants and Auto LPG Dispensing Stations (ALDS).
Operating under the brand “GO GAS,” it actively serves the parallel LPG market, supplying LPG to both domestic and commercial users at competitive prices. In addition to cylinder manufacturing and gas distribution, Confidence Petroleum is also involved in LPG bottling, blending, marketing, and logistics.
Written by Shivani Singh
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