Gulf Oil Lubricants climbs 3% after partnership with Switch Mobility & Piaggio to supply EV fluids
Shares of Hinduja Group’s part Gulf Oil Lubricants NSE -0.34 % rose over 3 per cent in Friday’s trade after the lubricants maker announced its exclusive partnership with Piaggio Vehicles and Switch Mobility for a special range of electric vehicle (EV) fluids.
Under the collaboration, the Hinduja NSE 1.25 % Group company will officially supply EV fluids to two EV makers for their vehicles.
At 10:37 am, the scrip was trading 2 per cent higher at Rs 437 over its previous day’s closing price of Rs 429 apiece. The stock has fallen nearly 12 per cent in the last month while it has plunged about 26 per cent in the last year.
