CRISIL IER assigns grade for Confidence Petroleum India Ltd

CRISIL in its recent report (IER-Independent Equity Research) has assigned grade 3/5 for fundamentals and grade 4/5 for valuations for Confidence Petroleum India Ltd. Confidence Petroleum India Ltd's fundamental Grade of '3/5' indicates that the fundamentals of the company are 'good' relative to other listed securities in India. The Valuation Grade of'4/5' indicates that there is a 'upside' to the current market price from a fundamental perspective'.

The stock closed the day at Rs.16.70, up by Rs.0.25 or 1.52%. The stock hit an intraday high of Rs.16.95 and low of Rs.16.45.

The total traded quantity was 3.93 lakhs compared to 2 week average of 10.22 lakhs.

Source : Equity Bulls

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