Gulf Oil Lubricants share price: Buy Gulf Oil Lubricants India, target price Rs 800: Emkay Global

Emkay Global has buy call on Gulf Oil Lubricants India with a target price of Rs 800. The current market price of Gulf Oil Lubricants India is Rs 589.

Time period given by analyst is one year when Gulf Oil Lubricants India Ltd. price can reach defined target.

Gulf Oil Lubricants India Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 2964.86 Crore) operating in Petrochemicals sector.

Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 428.17 Crore, down -19.23 % from last quarter Total Income of Rs 530.08 Crore and up 68.49 % from last year same quarter Total Income of Rs 254.11 Crore. Company reported net profit after tax of Rs 30.35 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 72 per cent stake in the company as of June 30, 2021, while FIIs held 10.1 per cent, DIIs 5.5 per cent and public and others 12.4 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

Source Link