Meanwhile, the S&P BSE Sensex was up 3.21 points, or 0.01% to 31,213.

On the BSE, 20.60 lakh shares were traded in the counter so far, compared with average daily volumes of 5.85 lakh shares in the past one quarter. The stock was frozen at Rs 17.27 currently, which is also a 52-week high for the counter. The stock had hit a low of Rs 16.60 so far during the day. The stock hit a 52-week low of Rs 4.87 on 7 July 2016.

The stock had outperformed the market over the past one month till 4 July 2017, rising 39.41% compared with 0.32% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 109.55% as against Sensex's 4.12% rise. The scrip had also outperformed the market in past one year, rising 232.32% as against Sensex's 14.88% rise.

The small-cap company has equity capital of Rs 25.88 crore. Face value per share is Re 1.

The orders have been awarded by the BPCL, HPCL and Indian Oil Corporation, with an option of order for equivalent quantity next year, the company said in a statement.

On a consolidated basis, Confidence Petroleum India reported net loss of Rs 0.10 crore in Q4 March 2017 as against net profit of Rs 0.01 crore in Q4 March 2016. Net sales rose 69.74% to Rs 157.55 crore in Q4 March 2017 over Q4 March 2016.

Confidence Petroleum India is manufacturer of liquefied petroleum gas (LPG) cylinders for domestic, as well as commercial use.