GP Petroleums is currently trading at Rs. 86.20, up by 0.35 points or 0.41% from its previous closing of Rs. 85.85 on the BSE.
The scrip opened at Rs. 86.70 and has touched a high and low of Rs. 89.95 and Rs. 86.20 respectively. So far 11203 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 96.80 on 01-Aug-2018 and a 52 week low of Rs. 67.80 on 23-May-2018.
Last one week high and low of the scrip stood at Rs. 92.00 and Rs. 81.10 respectively. The current market cap of the company is Rs. 441.01 crore.
The promoters holding in the company stood at 72.61%, while Institutions and Non-Institutions held 0.33% and 27.06% respectively.
GP Petroleums has inked pact with the UAE based Mag Lube to manufacture and market IPOL lubricants across the world. As part of the agreement, Mag Lube will pay a royalty to GP Petroleums for the formulation technology and brand.
The partnership will help the company in utilising the expertise of Mag Lube and its distribution to reach IPOL brand across the world, particularly in the Middle East and Africa to start with.
GP Petroleums, a part of the UAE based GP Global, is into manufacturing of industrial and automotive lubricants, process and transformer oils, greases and other specialties under the brand name IPOL in the country and overseas market.
| 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 |
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