Gulf Oil Corp buys US-based Co for $1bn; stock down

Hinduja's Gulf Oil Corporation has acquired US-based Houghton International for USD 1 billion, reports CNBC-TV18.

At 09:20 hrs Gulf Oil Corporation was quoting at Rs 83.55, down Rs 2.80, or 3.24%. It has touched an intraday high of Rs 93 and an intraday low of Rs 82.30.
 
It was trading with volumes of 20,274 shares. In the previous trading session, the share closed down 1.43% or Rs 1.25 at Rs 86.35.
The company's trailing 12-month (TTM) EPS was at Rs 5.63 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 14.84. The latest book value of the company is Rs 108.63 per share. At current value, the price-to-book value of the company was 0.77. The dividend yield of the company was 2.63%.