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Tide Water Oil rises on plan to enter German market this year

Veedol Corporation Ltd. | Lubricants | Automobiles | BSE: 590005 | NSE: VEEDOL

01 Jun 2012 Evaluate

Tide Water Oil is currently trading at Rs. 6810.00, up by 25.60 points or 0.38% from its previous closing of Rs. 6784.40 on the BSE.

The scrip opened at Rs. 6801.00 and has touched a high and low of Rs. 6930.00 and Rs. 6790.20 respectively. So far 221 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 8539.90 on 06-Feb-2012 and a 52 week low of Rs. 5676.10 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 7214.00 and Rs. 6666.55 respectively. The current market cap of the company is Rs. 594.59 crore.

The promoters holding in the company stood at 26.22% while Institutions and Non-Institutions held 14.49% and 59.29% respectively.

Tide Water Oil (India), Kolkata based company is likely to introduce its newly acquired Veedol brand of lubricants in Germany this year. The company is in active negotiation with foreign parties for the same.

With marketing rights in more than 120 countries, Tide Water had acquired Veedol International from British Petroleum in 2011-12. It had already set up Veedol International DMCC in Dubai to cater to the high-value West Asian market.

Tide Water Oil (India) is engaged in the production of lubricating oils and greases from its manufacturing plants located at Faridabad in the North, Silvassa and Turbhe in the West, Howrah in the East and Oragadam in the South. The company services the requirements of its customers through its wide marketing and distribution network comprising of about 100 distributors, 300 dealers and 20,000 sub-dealers.

Veedol Corporation Share Price

1440.70 9.95 (0.70%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Castrol India	182.30
Savita Oil Tech	363.05
Gulf Oil Lubricant	971.55
Gandhar Oil Refinery	147.45
Panama Petrochem	274.85
View more..

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Tide Water Oil rises on plan to enter German market this year

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