Gulf Oil Corporation is currently trading at Rs. 78.10, up by 0.95 points or 1.23% from its previous closing of Rs. 77.15 on the BSE.
The scrip opened at Rs. 76.30 and has touched a high and low of Rs. 80.00 and Rs. 75.00 respectively. So far 18,037 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 103.50 and a 52 week low of Rs. 69.90.
The current market cap of the company is Rs. 774.00 crore.
The promoters holding in the company stood at 49.96% while Institutions and Non-Institutions held 16.94% and 33.10% respectively.
Gulf Oil Corporation has received an approval for restructuring of the various businesses of the company including demerger of the Lubricants business into a separate listed company and the Committee of Directors has been authorized to consider the matter in detail and make necessary recommendations. The board of the company at its meeting held on February 07, 2013 has approved for the same.
Gulf Oil Corporation is engaged in manufacturing industrial explosives, mining products, lubricants, speciality oils and chemicals, active pharma ingredients (bulk drugs) and pharma formulations.
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