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Confidence Petroleum Share Price Target 2024, 2025, 2026 to 2039 With Charts
Confidence Petroleum India Limited | |||
 | Symbol: CONFIPET | ||
| Price: ₹66.18 | |||
| Exchange: NSE | |||
| Energy -> Oil & Gas Refining & Marketing | |||
Show Table of Contents
Table of Contents
- 1: Confidence Petroleum Brief Company Overview
- 1.1: Confidence Petroleum Financial Performance
- 1.1.1: Is Confidence Petroleum A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Confidence Petroleum Share Price Target For 2024
- 2.1.1: Confidence Petroleum Share Price Target Table For 2024
- 2.1.2: Summary: Confidence Petroleum Share Price Prediction For 2024
- 2.2: Confidence Petroleum Share Price Target For 2025
- 2.2.1: Confidence Petroleum Share Price Target Table For 2025
- 2.2.2: Summary: Confidence Petroleum Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Confidence Petroleum Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Confidence Petroleum Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Confidence Petroleum Past Performance
Confidence Petroleum Brief Company Overview
Product-Driven and Customer-Focused: A Snapshot of Confidence Petroleum India Limited
Confidence Petroleum India Limited, established in 1993 with headquarters in Nagpur, India, is a leading manufacturer and distributor of liquefied petroleum gas (LPG) cylinders.
The company's diverse product range includes CNG and packed LPG cylinders, catering to both commercial and industrial customers.
Focused on growth, Confidence Petroleum has gained a strong market presence and serves its clients under the reputable GoGas and GoGas Elite brand names.
Driven by a commitment to quality and customer satisfaction, Confidence Petroleum is known for its reliable products and efficient LPG bottling and distribution services.
Confidence Petroleum Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 2,576.86 Crore | Market valuation of Confidence Petroleum's shares. |
| Revenue (TTM) | 2,601.27 Crore | Total revenue generated by Confidence Petroleum over the past twelve months. |
| Net Income (TTM) | +84.36 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 4.38% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 3.24% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -11.1% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -53.1% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 49.91 | Company's total debt divided by total shareholder equity. |
| Total Debt | 632.6 Crore | Sum of Confidence Petroleum's current & long-term financial obligations. |
| Total Cash | 258.86 Crore | Total amount of liquid funds available to Confidence Petroleum. |
| Beta | 1.25 | Beta is greater than 1 indicating that the Confidence Petroleum's price is more volatile than the market. |
Is Confidence Petroleum A Good Buy For Long Term?
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To predict the Confidence Petroleum's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Confidence Petroleum Share Price Target For 2024
The line chart displays the monthly closing prices of Confidence Petroleum with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Confidence Petroleum shares in 2024, see the table below.
Confidence Petroleum Share Price Target Table For 2024
| Confidence Petroleum's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 68.18 (+3.02%) | Custom Fibonacci Extension Lvl 64.9% |
| 2024 Target 2 | 67.40 (+1.84%) | Price Action: Mar 2023 High |
| 2024 Target 1 | 66.55 (+0.55%) | Price Action: 18 Nov 2024 Low |
| Current Price | 66.18 | Confidence Petroleum's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 65.40 (-1.18%) | Price Action: Oct 2022 Low |
| Stop Loss 2 | 64.33 (-2.8%) | Fibonacci Retracement Extended 40% |
| Stop Loss 3 | 63.53 (-4.01%) | Fibonacci Retracement Extended 61.8% |
Summary: Confidence Petroleum Share Price Prediction For 2024
In summary, Confidence Petroleum has declined by ₹-23.42, recording a notable -26.14% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of Confidence Petroleum for 2024 predicts an additional rise of 0.55% to 3.02% by the end of 2024 with three potential targets T1: 66.55, T2: 67.40, T3: 68.18. Stop Loss at SL1: 65.40, SL2: 64.33, SL3: 63.53.
Confidence Petroleum has a 52-week high of ₹120.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹62.55, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Confidence Petroleum.
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Confidence Petroleum Share Price Target For 2025
The line chart displays the monthly closing prices of Confidence Petroleum with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Confidence Petroleum shares in 2025, see the table below.
Confidence Petroleum Share Price Target Table For 2025
| Confidence Petroleum's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 103.93 (+57.04%) | Price Action: Chart |
| 2025 Target 2 | 101.99 (+54.11%) | Price Action: Chart |
| 2025 Target 1 | 100.98 (+52.58%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 66.18 | Confidence Petroleum's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 57.50 (-13.12%) | Price Action: Feb 2023 Low |
| Stop Loss 2 | 56.80 (-14.18%) | Price Action: Jun 2021 Low |
| Stop Loss 3 | 55.78 (-15.72%) | Price Action: Chart |
Summary: Confidence Petroleum Share Price Prediction For 2025
In summary, Confidence Petroleum has declined by ₹-23.42, recording a notable -26.14% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of Confidence Petroleum for 2025 predicts an additional rise of 52.58% to 57.04% by the end of 2025 with three potential targets T1: 100.98, T2: 101.99, T3: 103.93. Stop Loss at SL1: 57.50, SL2: 56.80, SL3: 55.78.
Confidence Petroleum has a All-Time high of ₹120.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹62.55, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Confidence Petroleum, we have created a specific page for that check here: Confidence Petroleum Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Confidence Petroleum Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Confidence Petroleum share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of -1.79% over the next 15 years.
For complete year by year Confidence Petroleum long term share price target from 2024, 2025 to 2039 check the below table.
Confidence Petroleum Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Confidence Petroleum Target | YoY Change % |
|---|---|---|
| 2024 | ₹66.18 | [Current Price] |
| 2024 | ₹75.56 | 14.18% |
| 2025 | ₹69.22 | -8.41% |
| 2026 | ₹62.6 | -9.57% |
| 2027 | ₹51.6 | -17.58% |
| 2028 | ₹60.36 | 16.97% |
| 2029 | ₹58.19 | -3.6% |
| 2030 | ₹55.39 | -4.82% |
| 2031 | ₹56.43 | 1.87% |
| 2032 | ₹63.26 | 12.1% |
| 2033 | ₹58.2 | -8% |
| 2034 | ₹57.86 | -0.59% |
| 2035 | ₹57.25 | -1.06% |
| 2036 | ₹59.35 | 3.66% |
| 2037 | ₹63.36 | 6.75% |
| 2038 | ₹59.12 | -6.7% |
| 2039 | ₹58.66 | -0.78% |
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Confidence Petroleum Past Performance
- In 2006, Confidence Petroleum opening price was ₹1.25
- As of Thu 21 Nov 2024 the price stands at ₹66.18.
- This represents a Compound Annual Growth Rate (CAGR) of 23.23%.
- In 18 years, an investment of 10,000 would have become ₹5.29 Lakh.
As we wrap up, we hope you like our study on Confidence Petroleum share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Confidence Petroleum Share Price History
- Confidence Petroleum Price Target Tomorrow
- Confidence Petroleum Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
