Trade Brains •
ICICI Securities maintains a BUY on Gulf Oil Lubricants, targeting Rs. 1,488 (63% upside) citing strong volume growth, profitability, and EV business expansion.
Gulf Oil posted record Q4FY26 revenue (+14% YoY) and EBITDA (+8.5% YoY) despite rising costs, driven by market share gains and demand in key segments.