Confidence Petroleum India Stock Sees 7.0% Increase, Outperforms Sector and Sensex

Confidence Petroleum India, a smallcap company in the industrial gases and fuels industry, saw a 7.0% increase in its stock price on May 21, 2024. According to MarketsMOJO, the stock is currently rated as a 'Hold'.

In terms of performance, Confidence Petroleum India has outperformed its sector by 4.69% today. The stock has been on a consecutive gain for the past two days, with a 8.36% increase in returns during this period. It also reached an intraday high of Rs 91, showing a 6.59% increase.

While the stock's moving averages are higher than the 5 day, 20 day, and 200 day averages, it is lower than the 50 day and 100 day averages. In the industrial gases and fuels sector, there has been a gain of 2.18%.

Compared to the Sensex performance, Confidence Petroleum India has shown a 5.86% increase in the past day, while the Sensex has seen a -0.28% decrease. In the past month, Confidence Petroleum India has seen a 1.69% increase, while the Sensex has seen a 0.98% increase.

Overall, Confidence Petroleum India has shown positive performance in the past day and month, outperforming its sector and the Sensex. Investors may want to keep an eye on this smallcap company in the industrial gases and fuels industry.