- 07 Feb 2022
- ICICI Securities
Gulf Oil Lubricants to consider buyback of shares
GULFOILLUB - 409 Change: 4.70 (1.16 %)News: Gulf Oil Lubricants will consider a proposal to buy-back shares in its next board meeting on February 9.
Views: Post the correction in stock price, buy-back of shares will reward minority shareholders. The attractiveness of the buyback will be determined when the quantum and price of buyback is announced.
Impact: Positive