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Confidence Petroleum India Limited
Share Price Target & Analysis

NSE:CONFIPET

66.96

VWAP

66.8

Open

66.18

Close

68.4

High

65.83

Low

120

52 Week High

67.35 ⇧
1.17 (1.77%)

CONFIPET

(Miscellaneous)
8.4% Momentum

Watch Carefully

62.55

52 Week Low

2.05

EPS

20.39

PE

2.11

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: CONFIPET Share Price Financial Analysis & Valuation

Confidence Petroleum India Limited (CONFIPET) is broadly categorized in Miscellaneous segment industry which deals in Miscellaneous vertical. It is one of Small Cap company with Market Capitalization of Rs 2198.3 (in Cr). Total number of free float shares are 0 (in Lacs). Confidence Petroleum India Limited is listed on NSE with Exchange ID - INE552D01024 and trading code is NSE:CONFIPET with short name ConfidencePetro.

In the past 1 year, Confidence Petroleum India Limited has declared an equity dividend of Rs 0.1 per share. At the current share price of CONFIPET at Rs 67.35, this results in a dividend yield of 0.15 %.

As per the Fundamental Analysis of NSE:CONFIPET, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine CONFIPET underlying value and future prospects. All of this data is available in CONFIPET financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:CONFIPET, it is clearly understood that CONFIPET is Economical performer in terms of earnings and profit margins with an EPS of 2.05. NSE:CONFIPET book value per share as of today is 31.91. The current price to book ratio for CONFIPET as of Nov 23, 2024 is 2.11.

Valuation of the Stock: The current valuation of CONFIPET stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of CONFIPET whether to BUY this stock at current valuation. The delivery percentage of CONFIPET is 43.82% is very crucial parameter which shows that 43.82% investors are anticipating that the price of CONFIPET share should go up with VWAP at 66.96.

Now, the main question is whether to BUY or SELL, NSE:CONFIPET at current valuation.
As per latest Analysis No. #992:-

⇑ STRONG BUY CONFIPET if All Greens

⇗ BUY CONFIPET (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD CONFIPET (With Stop Loss) if only 1 Green

⇘ SELL CONFIPET if NO Green Indicator

NSE: CONFIPET Share Price Today (Nov 23, 2024)

(Confidence Petroleum India Limited Daily Analysis on the basis of CONFIPET Intraday Graph & Trend)

Confidence Petroleum India Limited share price moved Up by 1.77% from its previous close of Rs 66.18. CONFIPET stock last traded price is 67.35. CONFIPET share price trend is Up with a total of 476747 stocks traded till now. It has touched an intraday high of Rs 68.4 and an intraday low of Rs 65.83. The CONFIPET trading at 67.35, Up by Rs. 1.17, or 1.77 percent which suggests that most of the Traders are anticipating that the price of CONFIPET share should go Up.

NSE: CONFIPET Share Price Tomorrow Prediction

(Confidence Petroleum India Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of CONFIPET)

Confidence Petroleum India Limited share price moved Up by 1.77%. CONFIPET share price short term trend is Up. It suggests that CONFIPET Share Price for Tomorrow remains the same with VWAP at 66.96 will be treated as stop loss for intraday traders. Confidence Petroleum India Limited Long term investors can follow the CONFIPET long term trend as mentiond in future forecast table.

NSE Code

NSE: CONFIPET

CONFIPET Share Price Today

 67.35

CONFIPET Share Price Target Prediction for 2024 ^

 65.6 - 97

CONFIPET Share Price Target Prediction for 2025*^

 97 - 128.5

CONFIPET Share Price Target Prediction for 2026*^

 128.5 - 137.5

CONFIPET Share Price Target Prediction for 2027*^

 144

CONFIPET Share Price Target Prediction for 2028*^

 149

CONFIPET Share Price Target Prediction for 2030*^

 162
CONFIPET Current Book Value 2023
31.8

*Confidence Petroleum India Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^CONFIPET share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

CONFIPET Technical Analysis

Candlestick Pattern: @69.35

CONFIPET Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 73.4 SELL 72.72 SELL
MA_12 76.3 SELL 75.52 SELL
MA_20 77.32 SELL 77.03 SELL
MA_32 79.65 SELL 79.18 SELL
MA_50 82.83 SELL 80.71 SELL
MA_100 83.95 SELL 82.7 SELL
MA_200 87.35 SELL 84.42 SELL

CONFIPET Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 71.56 OverSold
MACD -0.59 SELL
ADX 17.24 NO or Weak Trend
DMI (+/-) 14.89 / 33.97 Downtrend

CONFIPET Momentum Oscillators

BUY (0) NEUTRAL (3) SELL (9)
Momentum Oscillators Value Action
RSI 24.94 Oversold
STOCHASTIC_K (Fast) 2.46 Oversold
STOCHASTIC_D (Slow) 6.2 Oversold
CCI -236.25 SELL
PSAR 78.58 SELL
TRUE RANGE 2.49 Neutral
ATR 2.88 Neutral
WILLIAMS R -97.23 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -12.84 SELL

CONFIPET Last 1 Year Trend

Duration Value
1 Year -20.1%
3 Months -14.77%
1 Month -15.62%
1 Week -10.52%

CONFIPET Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 0%
NEUTRAL / HOLD 13%
SELL 87%

Most popular Questions & Answers about CONFIPET


Confidence Petroleum India Limited stock last traded price is 67.35. CONFIPET share price moved Up by 1.77% from its previous close of Rs 66.18.

Confidence Petroleum India Limited share price trend is Up with a total of 476747 stocks traded till now. It has touched an intraday high of Rs 121.2 and an intraday low of Rs 65.83. The CONFIPET trading at 67.35, Up by Rs. 1.17, or 1.77 percent which suggests that most of the Traders are anticipating that the price of CONFIPET share should go Up and the Stop Loss will be around 66.96.

The market cap of Confidence Petroleum India Limited is ₹2198.3 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Confidence Petroleum India Limited as of Nov 22, 2024 is 20.39.

The current price to book ratio for Confidence Petroleum India Limited as of Nov 22, 2024 is 2.11.

The highest price of Confidence Petroleum India Limited stock is ₹120 in the last 52-week.

The lowest price of Confidence Petroleum India Limited stock is ₹62.55 in the last 52-week.

Confidence Petroleum India Limited share trading at ₹67.35, Up by Rs. 1.17, or 1.77 percent which suggests that most of the traders are anticipating that the price of CONFIPET share should go Up.

In 2023, Stock price target for Confidence Petroleum India Limited (CONFIPET) are ₹65.6 on downside and ₹97 on upside. Confidence Petroleum India Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Confidence Petroleum India Limited (CONFIPET) are ₹97 on downside and ₹128.5 on upside. Confidence Petroleum India Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Confidence Petroleum India Limited (CONFIPET) are ₹128.5 on downside and ₹137.5 on upside. Confidence Petroleum India Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Confidence Petroleum India Limited (CONFIPET) will be around ₹149 Confidence Petroleum India Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of CONFIPET.

The price of Confidence Petroleum India Limited (CONFIPET) shares moved by 1.77%. The short-term trend for CONFIPET share price is Up. It implies that the share price of CONFIPET will stay the same tomorrow and that intraday traders should treat VWAP at 66.96 as a stop loss. Investors with a long-term outlook can track CONFIPET long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of CONFIPET stock is 24.6. Compared to the current market price of 67.35 INR, the CONFIPET stock is Overvalued by 63.5%.

As per the fundamental analysis of Confidence Petroleum India Limited (CONFIPET), it is of Economical quality in terms of earnings and profit margins with an EPS of 2.05. Confidence Petroleum India Limited book value per share as of today is 31.91. The current price to book ratio for CONFIPET as of Nov 23, 2024 is 2.11.


NSE:CONFIPET News & Other Useful Information about CONFIPET Share Price


Peer Comparison of NSE: CONFIPET

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Miscellaneous

Company Price EPS BV
GATEWAY 82.90 4.57 37.78
TITAN 3302.00 37.18 162.84
STYLAMIND 2363.75 77.49 316.59
NYKAA 169.40 0.56 5.69
IRCTC 808.60 15 40.37
NAUKRI 7990.00 57.31 1966.04
INTLCONV 80.30 13.36 45.36
MALLCOM 1463.65 58.77 362.51
JUBLFOOD 637.65 2.88 33.52
ANMOL 28.03 2.35 17.62
Updated at: 22 Nov 2024 15:50

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