GP Petroleums shares jumped more than 5% after its board approved a joint venture agreement with West Coast Oils (WCO), based in Vadodara, Gujarat.
This partnership seeks to form a joint venture entity with the goal of expanding the footprint and market presence in the specialty and general bitumen sectors, as well as to conduct business as manufacturers, processors, refiners, makers, stockiest, traders, and distributors of various types of specialty bitumen products.
GP Petroleums stock opened at Rs 76.95, reaching a high of Rs 81.00 and a low of Rs 76.84. With a 52-week high of Rs 93.48 and a 52-week low of Rs 48.50, investors are closely monitoring its performance.
As of 11:06 am, GP Petroleums shares were trading 4.03% higher at Rs 79.45 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
