I-Sec maintains Buy on Gulf Oil Lubricants India, raises target price to Rs 1,715
ICICI Securities reaffirms its 'buy' recommendation for Gulf Oil Lubricants India, raising the target price to Rs 1,715. The brokerage highlights the company's impressive 14% stock price surge in three months, driven by above-industry volume growth and strong brand loyalty. Attractive valuations compared to peers like Castrol further support the positive outlook, with slight earnings adjustments for FY26E and FY27E.
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(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.)
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