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Gulf Oil Lubricants India is currently trading at Rs. 1078.20, up by 15.00 points or 1.41% from its previous closing of Rs. 1063.20 on the BSE.

The scrip opened at Rs. 1084.05 and has touched a high and low of Rs. 1093.00 and Rs. 1069.55 respectively. So far 3864 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. 1093.00 and Rs. 1014.00 respectively. The current market cap of the company is Rs. 5310.13 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 India and Piaggio Vehicles (Piaggio India), a 100% subsidiary of the Italian Piaggio Group and India's leading manufacturer of small commercial vehicles, have renewed their strategic partnership agreement to extend collaboration in delivering genuine and co-branded lubricants across Piaggio's commercial vehicle segment. 

This exclusive partnership, renewed until 2030, underscores both companies' commitment to high-performance, customized lubricant solutions and sets the foundation for further growth across retail, factory-fill, and export markets.

With the renewal, Gulf will continue as Piaggio India's exclusive lubricant partner for all factory fill, workshop, and retail requirements in India, along with exports to select international markets. The partnership will cover the full spectrum of lubricants, including advanced BS VI oils and new EV fluids, developed to meet the evolving needs of Piaggio India's growing customer base.

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.