Gulf Oil Lubricants India Ltd
GULFOILLUB

763.55

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759.70

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Buy
Reco. Price
Rs 750.00
We recommend BUY on the stock on account of lower raw material costs and expected increase in automobile sales. The company’s efforts to increase its market share will be the driving factor for its growth. We target stock to trade at P/E of 28x in FY18E. (Target Price: Rs.855)
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50 DMA (.)
717.86
100 DMA (.)
692.49
200 DMA (.)
693.86
Weekly Range (.)
751.00
769.90
Monthly Range (.)
700.30
769.90
52 Weeks Range (.)
499.60
891.80
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