Tide Water Oil is currently trading at Rs. 6821.00, up by 36.70 points or 0.54% from its previous closing of Rs. 6784.30 on the BSE.
The scrip opened at Rs. 6801.15 and has touched a high and low of Rs. 6898.00 and Rs. 6725.00 respectively. So far 814 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 7988.00 on 03-Aug-2011 and a 52 week low of Rs. 5670.00 on 18-Mar-2011.
Last one week high and low of the scrip stood at Rs. 7058.00 and Rs. 6454.50 respectively. The current market cap of the company is Rs. 591.11 crore.
The promoters holding in the company stood at 26.22% while Institutions and Non-Institutions held 14.32% and 59.46% respectively.
Tide Water Oil Company (India) has incorporated Veedol International DMCC,a wholly owned subsidiary of the company in the DMCC Free Trade Zone of Dubai, UAE on January 15, 2012. The paid up share capital of Veedol International DMCC consists of 50 shares of United Arab Emirates dirham (AED) 1,000 each, 100% of which is held by the company.
Tide Water Oil (India), a member of the multi divisional Andrew Yule group and a leading lubricant manufacturer in India acquired 100% of the shares of Veedol International (VIL) from Castrol and Lubricants UK, wholly owned subsidiaries of BP plc (BP). Earlier this year, BP had announced its intention to sell the Veedol brand through a competitive bidding process. The acquisition of VIL by Tide Water is expected to open up opportunities for export and sale of lubricants under the ‘Veedol’ brand to various geographies around the world.
Tide Water Oil (India) is engaged in the production of lubricating oils and greases from its manufacturing plants located at Faridabad in the North, Silvassa and Turbhe in the West, Howrah in the East and Oragadam in the South. The company services the requirements of its customers through its wide marketing and distribution network comprising of about 100 distributors, 300 dealers and 20,000 sub-dealers.
| Company Name | CMP |
|---|---|
| Castrol India | 196.00 |
| Savita Oil Tech | 538.40 |
| Gulf Oil Lubricant | 1170.15 |
| Gandhar Oil Refinery | 215.35 |
| Panama Petrochem | 390.45 |
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