Gulf Oil shares soar 10 percent
Bangalore: The Gulf Oil stock was among the top gainers of the day, after it went up by over 10 percent from its previous close. Having started the day at 
107, the stock touched its 52 week high of 119.70, before closing trade at 117 up 10.01 percent over its previous close. Through the day, 1,311,576 shares of Gulf Oil were traded in the market, with the current P/E ratio of the stock at 15.98. The 52 week stock price chart is on the left.
Gulf Oil Corporation is an India-based company. The company operates in business segments, which include explosives, consult dealing in mining and infrastructure contracts, specialty chemicals dealing in bulk drugs and pharma, building products, property development and lubricating oils. Its subsidiaries include IDL Speciality Chemicals, IDL Buildware, Gulf Carosserie, Gulf Oil Bangladesh, Gulf Oil Lubricants Indonesia and Gulf Oil (Yantai) and Hinduja Infrastructure.
Recently, the company announced that it expects property development to emerge as a major vertical from this year and fetch revenues on par with its existing segments. Gulf Oil has about 800 acres in Hyderabad in addition to properties in Bangalore, Delhi and Kolkata. The company also said that its net profit for the half year improved to 33.23 crore from 7.67 crore a year earlier. Revenue improved 4.3 percent to 468.1 crore.
107, the stock touched its 52 week high of 119.70, before closing trade at 117 up 10.01 percent over its previous close. Through the day, 1,311,576 shares of Gulf Oil were traded in the market, with the current P/E ratio of the stock at 15.98. The 52 week stock price chart is on the left.
Gulf Oil Corporation is an India-based company. The company operates in business segments, which include explosives, consult dealing in mining and infrastructure contracts, specialty chemicals dealing in bulk drugs and pharma, building products, property development and lubricating oils. Its subsidiaries include IDL Speciality Chemicals, IDL Buildware, Gulf Carosserie, Gulf Oil Bangladesh, Gulf Oil Lubricants Indonesia and Gulf Oil (Yantai) and Hinduja Infrastructure.
Recently, the company announced that it expects property development to emerge as a major vertical from this year and fetch revenues on par with its existing segments. Gulf Oil has about 800 acres in Hyderabad in addition to properties in Bangalore, Delhi and Kolkata. The company also said that its net profit for the half year improved to 33.23 crore from 7.67 crore a year earlier. Revenue improved 4.3 percent to 468.1 crore.