Introduction:
Oil stock has received shareholder approval for strategic expansion, focusing on EPC projects in power and solar energy, solar power under PM KUSUM-C Yojana, hazardous waste management, and international growth in lubricant exports, strengthening its market position and clean energy contributions.
Share Price movement of Continental Petroleums:
On January 16, 2025, Continental Petroleums Ltd opened at ₹113.00, reaching a high and low of ₹113.05 and ₹113.00, respectively, closed at ₹113.05. This represents a 5% increase from the previous close, with a market cap of ₹62.86 Cr.
Continental Petroleums shares hits 5% upper circuit
Continental Petroleums Limited’s shareholders have approved the company’s strategic expansion initiatives at the Extra Ordinary General Meeting held on January 15, 2025. The key areas of focus include expanding EPC projects, especially in power transmission and solar energy sectors, to align with Rajasthan’s renewable energy goals.
The company will also invest in solar power projects under the PM KUSUM-C Yojana, with plans to install 1 MW of solar capacity backed by long-term Power Purchase Agreements. This aligns with India’s clean energy transition goals and enhances the company’s role in renewable energy.
Additionally, Continental Petroleums plans to expand in hazardous waste management with a new processing facility in Rajasthan, catering to major cement manufacturers. The company also aims to strengthen its lubricant export market by acquiring Unique Techno Associates Pvt Ltd., targeting international expansion.
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Recent news About Continental Petroleums :
Continental Petroleums reported a 74.13% YoY increase in net sales for September 2024, reaching Rs. 21.45 crore. Net profit soared by 398.66% to Rs. 1.30 crore, while EBITDA grew by 61.15% to Rs. 2.24 crore. (Nov 26, 2024)
Ace investor holding of Continental Petroleums:
Dheeraj Kumar Lohia is a notable ace investor with a strong portfolio, holding 151,376 shares of Continental Petroleums Ltd. at a current price of ₹113.05, valued at ₹1.7 Cr. His strategic investments reflect a deep understanding of market opportunities.
Bharat Kunverji Kenia is a notable ace investor holding 77,049 shares of Continental Petroleums Ltd. at a current price of ₹113.05, valued at ₹87.1 lakh. His strategic investment decisions reflect a strong grasp of market trends and opportunities.
Stock performance of Continental Petroleums for Period of 1 week, 6 months and 1 year:
Continental Petroleums’ stock showed a decline of 6.10% over the past week. However, it experienced a significant 55.7% increase in the last six months and a solid 28.1% return over the past year, indicating a strong long-term performance despite recent short-term fluctuations.
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Shareholding pattern of Continental Petroleums:
| Summary | Sep-24 | Jun-24 | Mar-24 |
| Promoter | 34.40% | 34.40% | 34.40% |
| FII | 0% | 0% | 0% |
| DII | 0% | 0% | 0% |
| Public | 65.60% | 65.60% | 65.60% |
About Continental Petroleums:
Continental Petroleums is a leading company specializing in lubricants, EPC projects, and hazardous waste management. It is expanding its operations in power transmission, solar energy, and waste management, with a focus on sustainability and market growth across various sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
