Gulf Oil Lubricants is currently trading at Rs. 496.30, up by 2.40 points or 0.49% from its previous closing of Rs. 493.90 on the BSE.
The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 500.00 and Rs. 480.85 respectively. So far 4786 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 803.70 on 05-Mar-2021 and a 52 week low of Rs. 427.95 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 499.50 and Rs. 471.70 respectively. The current market cap of the company is Rs. 2450.77 crore.
The promoters holding in the company stood at 71.82%, while Institutions and Non-Institutions held 11.53% and 16.65% respectively. Gulf Oil Lubricants
Gulf Oil Lubricants has received approval from board of directors for acquisition of the equity stake in TechPerspect Software (TSPL). TSPL with its ElectreeFi Brand with experience in the e-Mobility charging software solutions and having onboarded chargers for large OEMs in India will be a strong partner for CMS solution.
The company intends to utilize its Pan India touchpoints as well as relationship with Automotive OEMs and Industrial Customers to leverage this alliance to providing superior solutions related to Electric Vehicle Charging, EV Fleet Management and Battery Swapping. The company will acquire 26% of fully diluted equity share capital of TSPL. The board of directors of the company, at its meeting held on February 09, 2022, has approved the same.
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.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
