Confidence Petroleum surges for second straight day
Shares of Confidence Petroleum were on the rise two days on the trot after the firm announced that the Khopoli Cylinder Manufacturing Plant, a cylinder division of the company secured two orders worth Rs 42.89 crore.
By ET Bureau |
MUMBAI: Shares of Confidence Petroleum were on the rise two days on the trot after the firm announced that the Khopoli Cylinder Manufacturing Plant, a cylinder division of the company secured two orders worth Rs 42.89 crore.
The first order worth Rs 37.7 crore is from Hindustan Petroleum Corporation while the second order valuing at Rs 5.19 crore has been received from Indian Oil Corporation for supply of liquid petroleum gas cylinders. The contracts are to be executed on or before March 31, 2010.
At 1 pm, the penny stock hit the upper circuit for the second consecutive day and was trading at Rs 4.33, up 19.94 per cent on the BSE.
The first order worth Rs 37.7 crore is from Hindustan Petroleum Corporation while the second order valuing at Rs 5.19 crore has been received from Indian Oil Corporation for supply of liquid petroleum gas cylinders. The contracts are to be executed on or before March 31, 2010.
At 1 pm, the penny stock hit the upper circuit for the second consecutive day and was trading at Rs 4.33, up 19.94 per cent on the BSE.
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