Confidence Petroleum India Hits 52-Week Low Amid Broader Market Challenges

Feb 19 2025 09:37 AM IST
share
Share Via
Confidence Petroleum India has reached a new 52-week low, reflecting a significant decline over the past year. Despite recent challenges, the stock has shown a slight recovery after consecutive declines and outperformed its sector on the trading day, although it remains below key moving averages.
Confidence Petroleum India has experienced significant activity today, reaching a new 52-week low of Rs. 57.21. This marks a notable decline, with the stock's performance over the past year reflecting a decrease of 47.68%, contrasting sharply with the Sensex's gain of 4.28% during the same period.

Despite hitting this low, the stock has shown a slight trend reversal, gaining after three consecutive days of decline. On this trading day, Confidence Petroleum India outperformed its sector by 1.06%, indicating some resilience amidst broader market challenges.

However, it is important to note that the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. As a small-cap player in the industrial gases and fuels sector, Confidence Petroleum India continues to navigate a challenging market landscape, with its recent performance reflecting broader industry dynamics.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News