Gulf Oil Lubricants India is currently trading at Rs. 766.15, up by 2.25 points or 0.29% from its previous closing of Rs. 763.90 on the BSE.
The scrip opened at Rs. 767.60 and has touched a high and low of Rs. 769.15 and Rs. 762.95 respectively. So far 664 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 849.05 on 27-Feb-2020 and a 52 week low of Rs. 450.00 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 824.00 and Rs. 751.20 respectively. The current market cap of the company is Rs. 3853.04 crore.
The promoters holding in the company stood at 72.18%, while Institutions and Non-Institutions held 17.58% and 10.24% respectively.
Gulf Oil Lubricants India’s parent company -- Gulf Oil International has reached an agreement to acquire a lubricant blending plant from Ocean Tankers (PTE), Singapore, which will help it expand market share in marine lubes. The plant, which is in the Tuas region of the Island city-nation will be acquired with wharf access, storage tank farm and terminal facility as per the agreement. The facility will be acquired and continue to operate as a going concern and the agreement is subject to closing conditions.
Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.
