Gulf Oil Lubricants scales record high after bulk deal

Gulf Oil Lubricants gained 2.59% to Rs 540 at 15:25 IST on BSE after a bulk deal of 2.45 lakh shares was executed on the scrip at Rs 537 per share at 11:22 IST on BSE today, 13 April 2016.

Meanwhile, the S&P BSE Sensex was up 482.41 points or 1.92% at 25,628

On BSE, so far 2.54 lakh shares were traded in the counter as against average daily volume of 3,234 shares in the past one quarter. The stock hit a high of Rs 567.90 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 526.25 so far during the day. The stock had hit a 52-week low of Rs 367 on 7 May 2015. The stock had outperformed the market over the past one month till 12 April 2016, rising 10.89% compared with 1.73% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 0.49% as against Sensex's 1.88% rise.

The small-cap company has equity capital of Rs 9.91 crore. Face value per share is Rs 2.

Gulf Oil Lubricants net profit rose 43.5% to Rs 26.18 crore on 9.1% growth in net sales to Rs 259.64 crore in Q3 December 2015 over Q3 December 2014.

Gulf Oil Lubricants manufactures and markets a complete range of lubricants and oils which are used by automobiles as well as by the industrial sectors.

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