Gulf Oil Lubricants shines on entering into long term strategic partnership with S-Oil Corporation

28 Sep 2020 Evaluate

Gulf Oil Lubricants India is currently trading at Rs. 672.25, up by 35.75 points or 5.62% from its previous closing of Rs. 636.50 on the BSE.

The scrip opened at Rs. 650.00 and has touched a high and low of Rs. 683.50 and Rs. 648.60 respectively. So far 1233 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 900.50 on 05-Nov-2019 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. 683.50 and Rs. 619.80 respectively. The current market cap of the company is Rs. 3289.61 crore.

The promoters holding in the company stood at 72.25%, while Institutions and Non-Institutions held 17.68% and 10.07% respectively.

Gulf Oil Lubricants has entered into long term strategic partnership with S-Oil Corporation, South Korea - one of the leading oil refining and lubricant manufacturing companies in Asia, to exclusively manufacture and market their entire range of lubricants under the brand - ‘S-Oil Seven’ for the Indian market. The relationship which in the past has been built as key Term Partner on the base oil imports is now extended as the S-Oil lubricant products will soon be launched in India. It is the first time ever that S-Oil lubricant product is being manufactured outside of South Korea.

The launch of S-Oil Seven lubricants brand will further strengthen the 15 years long relationship in base oil business in India and other Asia Pacific regions with Gulf Oil.

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.

Gulf Oil Lubricant Share Price

1170.15 -1.70 (-0.15%)
23-Dec-2024 16:59 View Price Chart
Peers
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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