Gulf Oil Corp may test Rs 90.50: Rupani

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Gulf Oil Corp may test Rs 90.50: Rupani

Gulf Oil Corp may test Rs 90.50, says Aunali Rupani, Director of Arm Research.

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Gulf Oil Corp may test Rs 90.50, says Aunali Rupani, Director of Arm Research.

Rupani told CNBC TV18, "Gulf Oil has a market cap of close to Rs 865 crore. Now the valuation of the land bank is more than Rs 500 crore - that is Rs 60 per share. That also means that the core business is available at less than Rs 30."

He further added, "This stock has sharply corrected from Rs 140 levels. I expect a healthy jump in this particular stock, target for the day - Rs 90.50."