Highlights

• Confidence Petroleum India (NSE: CONFIPET) gained 7.22% on Thursday.
• December quarter net profit stood at INR 2,060.00 lakh.
• The stock climbed to a fresh multi-month high above INR 47.00.

Confidence Petroleum India (NSE: CONFIPET) moved higher on 2 April 2026, with the stock trading near INR 47.21, up 7.22% from its previous close of INR 44.03. The stock opened at INR 43.84 and touched an intraday high of INR 48.50, while the day’s low stood at INR 42.90. VWAP for the session was recorded at INR 46.90.

The latest move extended the stock’s sharp rebound over the past few weeks. Confidence Petroleum India (NSE: CONFIPET) has now gained more than 25.00% over the previous five trading sessions and over 40.00% during the last fifteen trading sessions.

Fundamental View: December Quarter Earnings Stay Positive

For the quarter ended 31 December 2025, Confidence Petroleum India (NSE: CONFIPET) reported standalone total income of INR 1,21,886.00 lakh. Profit before tax stood at INR 2,643.00 lakh, while net profit came in at INR 2,060.00 lakh. Earnings per share for the quarter was reported at INR 0.62.

The latest quarterly numbers indicate that the company remained profitable during the quarter. Even so, the recent pace of the stock’s rise suggests that traders are currently focusing more on momentum and price action.

Technical View: Rally Extends After Crossing Above 50-Day Average

Confidence Petroleum India (NSE: CONFIPET) is currently trading near INR 47.21 and remains well above its 50-day Simple Moving Average near INR 33.20. The stock had spent several months in a declining phase before beginning a gradual recovery in March.

The latest rally has pushed the stock above the earlier swing zone near INR 45.00, indicating that the recent upward move has strengthened. The chart now reflects a sequence of higher highs and higher lows, while the sharp move above the 50-day average suggests that the broader structure has improved.

The 14-day RSI has climbed to around 73.63, indicating that momentum remains firm but has entered the overbought zone. This may keep short-term volatility elevated even as the broader trend stays positive.

Key Technical Levels

At INR 47.21, immediate support is seen near INR 42.50, followed by stronger downside support around INR 38.00. On the upside, resistance is placed near INR 52.00–55.00.

A move above INR 52.00 may support a further rise toward INR 55.00, while a retreat below INR 42.50 could slow the current rally.

Source: TradingView

Key Risks

• RSI above 70 may increase near-term volatility.
• Failure to hold above INR 42.50 may weaken momentum.
• Resistance near INR 52.00–55.00 may restrict further gains.
• Sharp recent gains may invite profit-booking pressure.

Summary

Confidence Petroleum India (NSE: CONFIPET) rose 7.22% to INR 47.21 after extending its recent breakout. The stock now trades above its 50-day moving average near INR 33.20, while RSI near 73.63 indicates overbought conditions. Investors are likely to monitor whether the stock can sustain above INR 42.50.

FAQs

1. Why did Confidence Petroleum India shares rise today?
   The stock gained after extending its recent breakout above INR 45.00.
2. What was Confidence Petroleum India’s December quarter net profit?
   The company reported standalone net profit of INR 2,060.00 lakh.
3. Which levels are important for Confidence Petroleum India shares?
   Support is near INR 42.50–38.00, while resistance is around INR 52.00–55.00.