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Aug 02, 2012, 01.51 PM IST
Shares of Gulf Oil Corporation, a part of the international Hinduja Group, fell as much as 4.5% intraday on Thursday as net profit of the company dropped by 33% year-on-year to Rs 10 crore in the first quarter of FY13.
Shares of Gulf Oil Corporation , a part of the international Hinduja Group, fell as much as 4.5% intraday on Thursday as net profit of the company dropped by 33% year-on-year to Rs 10 crore in the first quarter of FY13.
Net sales increased 12% to Rs 247.6 crore from Rs 221 crore during the same period.
At 13:43 hours IST, the share was trading at Rs 89.25, down 2.35% after hitting an intraday high of Rs 91 and of Rs 87.30.
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