India, June 15 -- Gulf Oil Lubricants India Limited surged over 4% on Monday, trading near Rs. 978.30 and touching an intraday high of Rs. 988.30. The stock was strongly supported by positive sentiment after the US-Iran peace agreement eased concerns over global crude supply disruptions. Since lubricants rely heavily on petroleum-based raw materials, expectations of lower crude oil prices could reduce input costs and improve margins. The stock also saw healthy participation with 0.79 lakh shares traded and Rs. 7.70 crore turnover, as investors turned bullish on oil-sensitive sectors expected to benefit from softer crude prices.

Company Unveils New Strategic Brand Campaign Gulf Oil Lubricants India announced on Monday that it has launched...