Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 September, 2018 16:44 IST
Confidence Petroleum hikes stake in Blue Flame Industries
Source: IRIS | 11 Sep, 2018, 01.10PM
Comments  |  Post Comment

Confidence Petroleum India announced the company has acquired additional 25% stake in Blue Flame Industries taking its total shareholding to 75% stake.

Blue Flame industries has a cylinder manufacturing plant at Jharkhand with a installed capacity of 6 lakh LPG cylinders per annum mainly for supply to PSU Oil companies. 

The stock had underperformed the market over the past one month till Sep. 10, 2018, falling 17.64% compared with the Sensex's 0.14% rise. It underperformed the market in past one quarter, declining 6.93% as against 7.36% rise in the Sensex.

Shares of the company gained Rs 0.1, or 0.23%, to trade at Rs 44.20. The total volume of shares traded was 53,441 at the BSE (11.32 a.m., Tuesday).

Confidence Petroleum India Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Company Update
Glenmark Pharma inducted into DJSI Emerging Market 2018 - 19-Sep-2018 12:09
TVS Motor Co strengthens presence in Mexico - 19-Sep-2018 11:56
Himachal Futuristic Communications bags order worth Rs 6.11 bn - 19-Sep-2018 11:52
Tata Steel completes acquisition of Creative Port Development - 19-Sep-2018 11:48
SABIC acquires 24.99% stake in Clariant globally - 19-Sep-2018 11:45
Tata Power launches its VoiceBOT TINA - 19-Sep-2018 11:42
Sun Pharma gets European Commission nod for ILUMETRI - 18-Sep-2018 17:02
Indian Hume Pipe receives LoA for order worth Rs 2.21 bn - 18-Sep-2018 16:58
Tata iQ selects TCS Jile to Drive Agile Transformation - 18-Sep-2018 16:48
Strides Pharma Science completes inspection for product pre-approval - 18-Sep-2018 16:39
Government to merge Dena Bank, Vijaya Bank, Bank of Baroda - 18-Sep-2018 15:33
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer