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As On 22-Oct-2020 EOD, Market Closed
SENSEX
40,558.49
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11,896.45
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  • Gulf Oil spurts on strategic partnership with South Korea's S-Oil

    Gulf Oil Lubricants India (GOLIL) jumped 4.36% to Rs 664.25 after the company announced a strategic lubricants partnership with S-Oil Corporation of South Korea.



    S-Oil Corporation is one of the leading oil refining and lubricant manufacturing companies in Asia. Under the partnership, GOLIL will exclusively manufacture and market S-Oil's entire range of lubricants under the brand 'S-Oil Seven' for the Indian market.

    With wide range of automotive products, S-Oil Seven has been a trusted brand for leading automakers such as Hyundai Kia, Ssangyong and other various OEMs and is exported to more than 60 countries in the world from South Korea.

    Both companies will work together to build value with this association leveraging S-Oil's strong presence in Korean Car OEMs and top tier PCMO products, complemented with Gulf Oil India's manufacturing, marketing & distribution expertise.

    Commercial production of S-Oil Seven recently began at Gulf Oil Lubricants' state of art production facility at Chennai, India. The market launch of S-Oil Seven in India will happen in the third quarter of the financial year 2020-21 (Q3' FY 2020-21), GOLIL said in a regulatory filing made during market hours today.

    GOLIL, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.

    The lubricant maker's net profit slumped 64.8% to Rs 17.17 crore on a 45.3% fall in net sales to Rs 241.17 crore in Q1 June 2020 over Q1 June 2019.

    On a year-to-date basis, the stock has tumbled 18.61% while the benchmark S&P BSE Sensex lost 8.01% during the same period.

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Flash News 22-Oct-2020
  •  ( 17:25) Equitas Small Finance Bank IPO fully bid  
  •  ( 16:26) Market snaps 4-day winning run; Nifty slips below 11,900  
  •  ( 15:30) Sterlite Technologies consol. Q2 FY21 PAT down 65% YoY to Rs 55.20 cr  
  •  ( 14:06) Vedanta to consider an interim dividend on Oct. 24  
  •  ( 13:40) Bajaj Auto consol. Q2 FY21 PAT down 21.62% to Rs 1,193.97 cr  
  •  ( 12:55) Hemisphere Properties India hits lower circuit on debut  
  •  ( 12:27) Dr Reddy's Laboratories reports a cyber-attack at its data center services  
  •  ( 12:03) Sagar Cements consol. Q2 FY21 PAT up 919.70% YoY to Rs 50.17 cr  
  •  ( 11:32) Asian markets edge mostly lower  
  •  ( 11:31) Pharma shares tumble  
  •  ( 11:30) Sensex, Nifty extend losses  
  •  ( 11:00) KPIT Technologies consol. Q2 FY21 PAT up 12.09% QoQ to Rs 27.15 cr  
  •  ( 10:27) Bank stocks correct  
  •  ( 10:25) Sensex, Nifty extend losses  
  •  ( 10:05) JK Tyre & Industries consol. Q2 FY21 PAT down 35.4% YoY to Rs 108.91 cr  
  •  ( 09:29) Embassy REIT to buy property maintenance business for Rs 474 cr  
  •  ( 09:28) Positive market breadth  
  •  ( 09:21) Market trading lower  
  •  ( 08:21) Asian stocks trading lower as IMF downgrades growth forecast  
  •  ( 08:19) US stocks close slightly lower as coronavirus stimulus talks continue  
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22 October 2020 00:00
2100.25
(-0.67 %)
510.55
(1.80 %)
3009.25
(-0.24 %)
3313.15
(2.47 %)
5872.30
(-0.57 %)
430.65
(2.77 %)
2042.55
(-0.27 %)
867.10
(-0.41 %)
1232.95
(-1.13 %)
2179.35
(0.74 %)
412.95
(-1.76 %)
608.80
(-3.10 %)
1130.15
(-1.58 %)
168.55
(0.54 %)
1393.25
(-0.04 %)
936.25
(1.25 %)
605.05
(0.77 %)
6806.25
(-0.85 %)
15911.25
(-0.65 %)
84.85
(3.10 %)
68.85
(1.47 %)
164.85
(0.70 %)
2107.10
(-0.76 %)
203.30
(-0.27 %)
485.65
(-0.83 %)
409.95
(1.50 %)
2670.80
(-0.17 %)
838.10
(-0.85 %)
1229.60
(-1.23 %)
4612.40
(-0.37 %)
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