Confidence Petroleum India jumped 4.56% to Rs 70 after the company said that its board will meet on Tuesday, 06 September 2022, to consider a proposal of fund raising through issue of shares /share warrants on the basis of preferential allotment.
The announcement was made after market hours yesterday.
Confidence Petroleum India is engaged in LPG cylinder manufacturing, LPG bottling & blending, and running auto LPG dispensing stations.
The company's consolidated net profit declined 20.21% to Rs 14.21 crore despite a 60.30% jump in sales to Rs 355.31 crore in Q1 FY23 over Q1 FY22.
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