Gulf Oil Lubricants soars on renewing partnership with Piaggio Vehicles

18 Dec 2024 Evaluate

Gulf Oil Lubricants India is currently trading at Rs. 1192.85, up by 16.40 points or 1.39% from its previous closing of Rs. 1176.45 on the BSE.

The scrip opened at Rs. 1198.40 and has touched a high and low of Rs. 1228.95 and Rs. 1163.10 respectively. So far 12597 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1510.00 on 02-Sep-2024 and a 52 week low of Rs. 633.25 on 20-Dec-2023.

Last one week high and low of the scrip stood at Rs. 1228.95 and Rs. 1096.05 respectively. The current market cap of the company is Rs. 5923.18 crore.

The promoters holding in the company stood at 67.22%, while Institutions and Non-Institutions held 16.92% and 15.86% respectively.

Gulf Oil Lubricants and Piaggio Vehicles (Piaggio India), a 100% subsidiary of the Italian auto giant Piaggio Group, have renewed their strategic partnership agreement for two-wheeler lubricants. This exclusive collaboration, originally signed in January 2020, has now been extended until 2032, reaffirming both organizations' commitment to delivering high-quality, co-branded lubricants tailored to Piaggio's two-wheeler range, including their high performance sports bike and superbike segments.

Under this exclusive agreement, Gulf will continue to be Piaggio India's official lubricant partner, catering to factory fill, workshop services, and retail markets across India, along with select export markets. The partnership underscores a shared vision of driving innovation and delivering exceptional customer experiences in the two-wheeler segment. Gulf and Piaggio India have also established a long-term collaboration in the commercial vehicle (CV) segment, reinforcing their commitment to providing high-performance lubricants across multiple vehicle categories.

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

1183.65 7.20 (0.61%)
18-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Castrol India 202.00
Savita Oil Tech 564.10
Gulf Oil Lubricant 1183.65
Gandhar Oil Refinery 225.80
Panama Petrochem 405.85
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