India, June 7 -- The shares of this small-cap company, which is majorly engaged in manufacturing, marketing and trading of automotive and non-automotive lubricants were in focus after the brokerage sees over 60 percent upside potential.

With the market capitalization of Rs. 4505 Crores, the shares of Gulf Oil Lubricants India Ltd were trading at around Rs. 910 per share which is 31 percent discount from its 52-week high of Rs. 1332 per share and is trading at a P/E of 12.3 whereas industry P/E stands at 12.2

Brokerage View ICICI Securities has maintained a BUY rating on Gulf Oil Lubricants India with a target price of Rs. 1,488, indicating an upside potential of around 63 percent from the current market price of Rs. 910. The brokerage ...