New MultiBagger stock 2019 from Petroleum Sector

              Confidence Petroleum New Multi Bagger Stock For 2019 and next 2-3 year.


Today's cars are run on four types of fuels, the first two being diesel, petrol, gas, and battery (electric) are very polluting, and are also considered to be the main source of pollution in the city. But the latter two sources are, in turn less polluting. Gas powered cars are not new in the market, petrol cars can run on the same gas kit.The car company also offers an authenticated gas kit car. So a safe gas kit is available to the customer.

Recently, Indian car makers have discontinued production of diesel-powered cars as per government policy and have decided to focus on production of petrol-powered cars and electric cars. Considering these factors, gasoline is also a better alternative to electric cars than it is today, so pollution is less and this fuel than petrol increases the car's mileage and reduces fuel costs. It also increases the life of the vehicle.

If you think of electric cars today, all the infrastructure needed for it is not yet standing in our country, but if you consider gasoline cars on the gas, all the facilities available to him are available in the market today. So there is no doubt that the amount of taxes that will drive gas kit war before electric cars will increase. In view of this, let us consider the shares of Confidence Petroleum Company.

Nagpur Base Confidence Petroleum operates in 22 states in India, has 196 auto LPG blending stations and has 800 dealer network.The company aims to increase the number 500 of auto dispensing to three in the next three years .company also provide Petrol to Gas conversion kit for vehicle. Company  claim that  while using LPG is economical 30% over other fule like Petrol and less pollutant also.

Pro for investing in this company :-


  • Promoters stack increased ,
  • Debt is reduced, virtually debt free company,
  • EPS and Div yield increased.
  • Debtors day is reduced ,
  • Inventory turnover ratio maintain and increased,
  • ROCE increased 3 times in last three years,
  • Share is available at very affordable price EVEBITDA is 5.36


Considering Auto sectors new challenges this company will get benefit of current structure. Market is not in ready position to adopt . If you think this  research will help you then invest in such companies who provide Auto LPG facility. This sector will get benefit before liion battery sector definitely.   
  

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