Buy Gulf Oil Lubricants for target price of ₹1800 (54% upside)

Gulf Oil could benefit from the potential sale by BP Plc of Castrol, valuing Castrol at USD8-10bn. HPCL lube carve-out & Veedol promoter offer are also events which could firm up valuation for the sector. Gulf is attractive valuation-wise. TP ₹1800 (54%) https://rakesh-jhunjhunwala.in/gulf...-for-target-price-of-₹1800-54-2-upside-emkay/