Decent Numbers from Gulf Oil Lube. CMP 826. Target 1000. 6 months.
We maintain our target of 1000. Results was good. SL 740.
Stock can see good momentum in coming 2-3 months.
Cons: Price to book is above 10. It might not affect the short term target.
Earlier call on Gulf Oil Lube:
http://www.moneycontrol.com/financials/gulfoillubricantsindia/results/quarterly-results/GOL01#GOL01
source http://gale.in/decent-numbers-from-gulf-oil-lube-cmp-826-target-1000-6-months/
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