Porinju Veliyath Latest Stock Pick Confidence Petroleum

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Pee Vee
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Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by Pee Vee » Thu Jan 18, 2018 11:19 am

Confidence Petroleum is the latest stock pick of Porinju Veliyath Eq India Fund.

On 17th January 2018, Porinju Veliyath Eq India Fund bought 30,00,000 shares of Confidence Petroleum at Rs. 29.56 each.

This is the latest addition to the portfolio of Porinju Veliyath Eq India Fund.

Is Confidence Petroleum a multibagger?

Confidence Petro is in the refinery sector. The current market capitalisation stands at Rs 940.87 crore.

The company management includes Nitin Punamchand Khara - Chairman & M.D & CEO, Elesh Punamchand Khara - Executive Director & CFO, Sumant Jayantilal Sutaria - Independent Director, Mansi Manoj Deogirkar - Independent Director.

Confidence Petroleum recently commissioned two auto LPG dispensing stations in Tamil Nadu, located at Dindigul.

Confidence Petroleum is one of the largest LPG Cylinder manufacturer of India with 7 manufacturing units and 51 established plants, the company is working towards further expansion with more efficient plants, technical research & know how.

The workings of the Company Division-wise are as under:

- Cylinder Division:

Confidence Petro is engaged in business of cylinder manufacturing for Domestic as well as commercial use. The Company engages in the business of LPG & Auto LPG manufacturing, Packed Cylinder in the Brand name of “Go Gas”, LPG bottling services and refilling services with 51 established plants with
expansion year by year. Due to the dismantling of LPG subsidy by the Government, the illegal sales of
cylinders have shown a downfall, which is proving advantageous to your Company with its sales and
profitability rising.

- LPG Division:

The Company being one of the largest LPG Cylinder manufacturers of India has manufactured cylinders of all sizes including 4-14, 15-17, 21-35 Kg in capacity.

The LPG/CNG Cylinder manufacturing segment includes production and marketing operations of cylinder.

The LPG Bottling & Marketing segment includes bottling of LPG & supplies for commercial usage.

- Service & Refiling Division:

The results of segment-wise reporting of Confidence Petro show an increase of 59.59% in the Revenue from the Refilling &LPG Trading Division. The increase in the business of the Company is visible through its performance in various segments as depicted in comparison to the previous Financial Year.

madsred
Posts: 1
Joined: Thu Jan 18, 2018 10:51 pm

Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by madsred » Thu Jan 18, 2018 10:55 pm

Has anyone taken this or Shalimar... As I see that was too added...

valuepicker
Posts: 127
Joined: Mon Jan 09, 2017 8:44 am

Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by valuepicker » Sat Mar 03, 2018 8:21 pm

I have bought Shalimar Paints as it could be turnaround story..
With all other paint stocks doing well it could be a great multibaggers if changes implemented by company gives positive results

SUMIT GHEI
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Joined: Thu Nov 09, 2017 12:19 pm

Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by SUMIT GHEI » Sun Mar 04, 2018 12:52 pm

good info and nicely explained. will buy

vikas.dhariwal
Posts: 3
Joined: Wed Aug 08, 2018 2:39 pm

Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by vikas.dhariwal » Thu Aug 16, 2018 1:10 am

valuepicker wrote:
Sat Mar 03, 2018 8:21 pm
I have bought Shalimar Paints as it could be turnaround story..
With all other paint stocks doing well it could be a great multibaggers if changes implemented by company gives positive results
Sir not what is your view on shalar as it is available cheaper to prior price

Pee Vee
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Posts: 419
Joined: Mon Dec 26, 2016 10:45 pm

Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by Pee Vee » Thu Aug 16, 2018 9:07 pm

vikas.dhariwal wrote:
Thu Aug 16, 2018 1:10 am
valuepicker wrote:
Sat Mar 03, 2018 8:21 pm
I have bought Shalimar Paints as it could be turnaround story..
With all other paint stocks doing well it could be a great multibaggers if changes implemented by company gives positive results
Sir not what is your view on shalar as it is available cheaper to prior price
The earnings profile of Shalimar Paints is weak. We will have to monitor for a few quarters to see if the effect of high crude oil prices can be passed over to customers.

parag
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Joined: Tue Aug 28, 2018 10:02 am

Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by parag » Tue Aug 28, 2018 10:43 am

why Confidence Petro Share prise is falling Continuously rather should go up as stock being held by Mr.Porinju

Pee Vee
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Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by Pee Vee » Wed Aug 29, 2018 9:43 pm

parag wrote:
Tue Aug 28, 2018 10:43 am
why Confidence Petro Share prise is falling Continuously rather should go up as stock being held by Mr.Porinju
A number of Porinju's high-conviction stocks are down (such as LEEL, Kaya etc) owing to the fact that these companies have reported poor quarterly results.

Confidence Petro may be adversely affected by the surge in crude oil prices. We can watch the performance for a few quarters and evaluate thereafter.

vikas.dhariwal
Posts: 3
Joined: Wed Aug 08, 2018 2:39 pm

Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by vikas.dhariwal » Wed Aug 29, 2018 11:43 pm

Porinju has reduced it stake in confidence petro

parag
Posts: 2
Joined: Tue Aug 28, 2018 10:02 am

Re: Porinju Veliyath Latest Stock Pick Confidence Petroleum

Post by parag » Thu Aug 30, 2018 7:32 pm

Sir,whts ur Opinion about Suzlon ,should buy or wait at this level

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