{"id":107220,"date":"2023-08-16T18:03:59","date_gmt":"2023-08-16T12:33:59","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107220"},"modified":"2023-08-16T18:04:01","modified_gmt":"2023-08-16T12:34:01","slug":"small-cap-stock-jumps-6-5-after-companys-net-profits-increase-by-141-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-6-5-after-companys-net-profits-increase-by-141-yoy\/","title":{"rendered":"Small-cap stock jumps 6.5% after company&#8217;s net profits increase by 141% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3560343385\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The small-cap stock climbed strongly on Wednesday on the announcement of the recent earnings. The company is currently trading above its 50-day and 200-day moving averages, and its price is being supported by high and rising volume that exceeds its averages for the previous day and week. This stock has generated 295% gains in three years and 40% returns in one year.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3697187715\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h4 class=\"wp-block-heading\" id=\"h-confidence-petroleum-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/CONFIPET\/consolidated\">Confidence Petroleum Ltd<\/a><\/strong><\/h4><p>Confidence Petroleum is a supplier of Liquefied Petroleum Gas (LPG) and is involved in the production of auto LPG, LPG cylinders, and packed cylinders. With 15 cylinder production facilities in India and it is the largest private manufacturer of LPG cylinders.<\/p><p>The company belongs to small-cap category, with a market capitalisation of&nbsp; Rs. 2,160 Cr. On Wednesday shares of the company ended 6.46% up at Rs. 75.85 and stock trading 18% away from the 52-Week high.<\/p><p>According to the company filing, consolidated total revenue rose by 146% YoY from Rs. 33.7 Cr in Q1 FY23 to Rs. 831.5 Cr in Q1 FY24, and for the same period, net profit increased by 141% from Rs. 13.6 Cr to Rs. 32.8 Cr.<\/p><div class=\"trade-content_5\" id=\"trade-3355825796\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per the latest shareholding data as of June 2023, Promoters hold 61.31% of company shares, 27.82% of which were pledged, FIIs hold 1.94%, DIIs hold 1.23% and the public hold 35.53% stake in the company.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sheshadri N<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" style=\"object-fit:cover;width:256px;height:256px\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1317281474\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The small-cap stock climbed strongly on Wednesday on the announcement of the recent earnings. The company is currently trading above its 50-day and 200-day moving averages, and its price is being supported by high and rising volume that exceeds its averages for the previous day and week. This stock has generated 295% gains in three [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10971,10973,10970,948,936,10972],"class_list":["post-107220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-confidence-petroleum-latest-news","tag-confidence-petroleum-q1-results-2023","tag-confidence-petroleum-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-confidence-petroleum-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small-cap stock jumps 6.5% after company&#039;s net profits increase by 141% YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The small-cap stock climbed strongly on Wednesday on the announcement of the recent earnings. The company is currently trading above its 50-day and 200-day moving averages, and its price is being supported by high and rising volume that exceeds its averages for the previous day and week. This stock has generated 295% gains in three years and 40% returns in one year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-6-5-after-companys-net-profits-increase-by-141-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small-cap stock jumps 6.5% after company&#039;s net profits increase by 141% YoY\" \/>\n<meta property=\"og:description\" content=\"The small-cap stock climbed strongly on Wednesday on the announcement of the recent earnings. The company is currently trading above its 50-day and 200-day moving averages, and its price is being supported by high and rising volume that exceeds its averages for the previous day and week. This stock has generated 295% gains in three years and 40% returns in one year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-6-5-after-companys-net-profits-increase-by-141-yoy\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-16T12:33:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-16T12:34:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/markets-120-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-6-5-after-companys-net-profits-increase-by-141-yoy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-6-5-after-companys-net-profits-increase-by-141-yoy\/\",\"name\":\"Small-cap stock jumps 6.5% after company's net profits increase by 141% YoY - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-6-5-after-companys-net-profits-increase-by-141-yoy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-6-5-after-companys-net-profits-increase-by-141-yoy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/markets-120-Cover-Image.jpg\",\"datePublished\":\"2023-08-16T12:33:59+00:00\",\"dateModified\":\"2023-08-16T12:34:01+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The small-cap stock climbed strongly on Wednesday on the announcement of the recent earnings. 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