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COMPANY PROFILE
- The Chemical Hub of Hinduja Group was created with Gulf Oil India Limited merging with IDL Industries Limited from 1st January 2002. The merger has enabled the Company to leverage the large marketing networks of lubricants and industrial explosives businesses and achieve a turnover for the financial year 2008-09 of Rs.1000 crore (US$200 million). Exports accounted for 5% of the turnover.
- The activities of the current 4 operating Divisions are : Lubricants Division, Industrail Explosives Division,Mining & Infrastructure Division, Propery Developement.
- Promoter : 49.96 %
- Public : 50.04%
Financial Highlights :
- Gulf Oil Corporation Ltd., a Hinduja Group Company, has reported an 11% increase in Q3 Income. Profit Before Tax for Q3 was Rs. 19.13 crores as against Rs. 7.79 crores in the same quarter last year. Profit after tax was Rs. 15.26 crores ( Rs. 6.78 crores ). However, YOY profits were marginally lower by 8% due to lower Other Income during the quarter.
- The stock On Weekly Chart has given an "Inverted Head & Shoulder Pattern" breakout last week & also has made " Higher Top Formation" indicating trend reversal & beginning of fresh upmove. The stock is recommended to buy at cmp Rs 91.30
Support Levels :
- Support 1 : 85
- Support 2 : 82
- Support 3 : 79
Stop Loss : 75 on Weekly closing basis.
Targets :
- Target 1: 99
- Target 2 : 108
- Target 3 : 117
Period : 13 weeks ( Max time )