Gulf Oil Corporation is currently trading at Rs 61.85, up by 0.45 points or 0.73% from its previous closing of Rs 61.40 on the BSE.
The scrip opened at Rs 62.00 and has touched a high and low of Rs 62.00 and Rs 61.70 respectively. So far 680 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 on 05-Oct-2012 and a 52 week low of Rs. 60.40 on 18-Mar-2013.
Last one week high and low of the scrip stood at Rs 69.40 and Rs 60.40 respectively. The current market cap of the company is Rs 608.75 crore.
The promoters holding in the company stood at 49.96% while Institutions and Non-Institutions held 16.94% and 33.10% respectively.
Credit rating agency, ICRA has assigned / reaffirmed the following ratings to the various Loans / Facilities of the Gulf Oil Corporation. The rating agency has reaffirmed ‘BBB/Stable’ rating to Long Term Loan Facility amounting Rs 100 crore. It has also reaffirmed ‘BBB/Stable’ rating to Fund Based Working Capital Limits amounting to Rs 95 crore. Besides, a rating of ‘A3+’ has been reaffirmed to the Non-fund Based Working Capital Limits amounting Rs 405 crore.
The ratings were on watch of ICRA post the overseas acquisition of Houghton International Inc. in the US through the company’s UK subsidiary. The watch has now been removed and ‘Stable BBB’ or ‘A3+’ Ratings as applicable, reaffirmed.
Further, the rating agency has assigned ‘BBB/Stable’ rating to Term Loans / LOC facility (new) amounting to $300 million of the company.
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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