ICICI Prudential Mutual Fund increased its stake in Gulf Oil Lubricants India Limited from 2.87% to 3.18%, buying 156,971 shares worth ₹15.89 crore.
A leading manufacturer and marketer of automotive and non-automotive lubricants, Gulf Oil Lubricants produces specialized oils and greases for diverse industrial applications and consumer segments. The company ranks among India's top three private sector lubricant manufacturers, serving customers across automotive, industrial, commercial, and consumer markets with a comprehensive product portfolio and extensive distribution network.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.
