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  3. Gulf Oil Lubricants’ stock jumps 4% after partnering with Nayara Energy

Gulf Oil Lubricants’ stock jumps 4% after partnering with Nayara Energy

24 Dec 2024

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Key Takeaways

Nayara Energy and Gulf Oil’s partnership enhances lubricant availability at 6,500 stations, boosting Gulf’s reach and stock performance.

Nayara Energy and Gulf Oil’s partnership enhances lubricant availability at 6,500 stations, boosting Gulf’s reach and stock performance.

nayara-energy unlisted shares

Nayara Energy

0.23%

Expert Analysis

Gulf Oil Shares Surge 4% on Strategic Partnership with Nayara Energy.

Expert Analysis:

  • Strategic Partnership: Nayara Energy has signed a three-year strategic partnership with Gulf Oil Lubricants to enhance the nationwide availability of Gulf’s premium automotive lubricants and AdBlue.

  • Expanded Distribution Network: The collaboration will leverage Nayara’s extensive network of 6,500 fuel stations to distribute Gulf’s complete range of lubricants, including products for two-wheelers, cars, commercial vehicles, and agricultural vehicles.

  • Stock Market Performance: Gulf Oil shares surged 3.96% to ₹1,216.45 on the BSE, hitting an intraday high of ₹1,230.05 and a low of ₹1,177.55.

  • Historical Stock Data: The stock’s 52-week high was ₹1,510.00 (September 2), and its 52-week low was ₹703.15 (January 10).

Publisher:Business line