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Accumulate this little-known gas retail stock

March 29, 2019 / 09:16 AM IST
Accumulate this little-known gas retail stock

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Profiting from the policy push for deeper penetration of natural gas, Confidence Petroleum (CPIL, CMP: Rs 37, market capitalisation: Rs 1,023 crore) is rapidly expanding its presence in the retail gas market and is moving from being a company servicing PSUs to an independent gas retailer. The company has posted strong profit growth in the last quarters. Rapid expansion in the auto LPG and packaged cylinder segments is expected to boost volumes in the years ahead. What does the company...

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