Gandhar Oil Refinery (India) Ltd shares jump 2.02% as CRISIL assigns credit ratings
Why did Gandhar Oil Refinery (India) Ltd shares jump today?
Gandhar Oil Refinery (India) Ltd's share price saw a positive movement today, increasing by 2.02% to trade at ₹263.1 as of 01:33 PM on Tuesday. This upward trend indicates a positive sentiment among investors towards the company during the trading session.
The primary driver for this share price increase appears to be a significant corporate announcement. The company informed the stock exchanges that CRISIL Ratings Limited has assigned credit ratings to its bank facilities. Specifically, the rating agency assigned a 'CRISIL A+/Stable' rating for the company's long-term bank loan facilities and a 'CRISIL A1' rating for its short-term facilities, covering a total of ₹300 crore.
Such a positive credit rating from a reputable agency like CRISIL is generally seen as a strong vote of confidence in a company's financial health and creditworthiness. This positive development likely reassured investors about the company's stability and ability to manage debt, which in turn fueled buying interest and contributed to the rise in its share price today.
What does Gandhar Oil Refinery (India) Ltd do?
Gandhar Oil Refinery (India) Ltd operates within the oil refining sector. The company is involved in managing financial facilities, as evidenced by the assignment of credit ratings to its bank loan facilities totaling Rs. 300 crore.
It maintains transparency with stakeholders by making relevant information available on its dedicated investor relations website. The company's shares are publicly traded, listed on both the BSE Limited (with Scrip Code 544029) and the National Stock Exchange of India Limited (with Symbol GANDHAR).
Gandhar Oil Refinery (India) Ltd Financials
In CroresGandhar Oil Refinery (India) Ltd's financials indicate a substantial growth trend from March 2026 to June 2026, with both revenue and profit increasing significantly. In March 2026, the company reported a revenue of ₹1093.37 Crores and a profit of ₹40.68 Crores, which rose to ₹1731.93 Crores and ₹192.29 Crores in June 2026, respectively. This represents an approximate 58% increase in revenue and a remarkable 373% surge in profit, highlighting strong financial performance improvement over the period.
Gandhar Oil Refinery (India) Ltd Shareholding Pattern
Promoter holding stands at 66.6% of the total share capital. Foreign Institutional Investors (FIIs) hold 1.27% stake in the company, while Domestic Institutional Investors (DIIs) hold 1.02%. Public shareholders hold the remaining 31.1% stake in Gandhar Oil Refinery (India) Ltd.
Gandhar Oil Refinery (India) Ltd FAQs
Q: Why did Gandhar shares jump 2.02% today?
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 we would like to inform that CRISIL Ratings Limited has assigned Credit ratings ..... This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Gandhar Oil Refinery (India) Ltd?
As per the latest data, promoters hold 66.6% stake in Gandhar Oil Refinery (India) Ltd, while FII holding stands at 1.27%. Domestic institutional investors hold 1.02%, and public shareholders account for 31.1% of the equity.
Q: What is the current stock price of Gandhar Oil Refinery (India) Ltd?
Gandhar Oil Refinery (India) Ltd shares are currently trading at ₹263.1, recording a gain of 2.02% from the previous close.
Q: What is the market capitalization of Gandhar Oil Refinery (India) Ltd?
The company currently has a market capitalization of ₹2575.21 crore, reflecting its valuation in the Indian equity market.