Tide Water Oil is currently trading at Rs. 7765.00, up by 173.30 points or 2.28% from its previous closing of Rs. 7591.70 on the BSE.
The scrip opened at Rs. 7700.00 and has touched a high and low of Rs. 7814.40 and Rs. 7700.00 respectively. So far 111 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 8095.00 on 26-Dec-2013 and a 52 week low of Rs. 6556.00 on 06-Sep-2013.
Last one week high and low of the scrip stood at Rs. 7878.00 and Rs. 7456.00 respectively. The current market cap of the company is Rs. 679.36 crore.
The promoters holding in the company stood at 26.22% while Institutions and Non-Institutions held 13.31% and 60.47% respectively.
Tide Water Oil (India), a member of Andrew Yule Group and a leading lubricant manufacturer in India, has signed a memorandum of understanding (MoU) with Japan’s JX Nippon Oil & Energy Corporation to set up a 50:50 joint venture (JV) in India. The JV entity will be responsible for selling, marketing, distributing and manufacturing the ‘ENEOS’ brand of lubricants in India, Nepal, Bangladesh and Bhutan and catering to the factory and service fill requirements of mainly, the Japanese original equipment manufacturers.
The JV is being formed with the intent that the two companies will collaborate further to develop and expand the market for lubricating oils utilizing the technology and know-how of JX Nippon Oil.
Tide Water Oil Company is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants.
| Company Name | CMP |
|---|---|
| Castrol India | 182.20 |
| Savita Oil Tech | 364.65 |
| Gulf Oil Lubricant | 964.40 |
| Gandhar Oil Refinery | 143.05 |
| Panama Petrochem | 270.40 |
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