Gandhar Oil Refinery (India) Ltd shares jump 2.18% as major shareholder acquisition disclosure surfaces
Why did Gandhar Oil Refinery (India) Ltd shares jump today?
Gandhar Oil Refinery (India) Ltd shares saw a notable increase today, with the stock price rising by 2.18%. As of Thursday at 06:04 PM, the share was trading at ₹271.6. This upward movement came on the back of a significant regulatory disclosure submitted to the stock exchanges.
The news driving this positive sentiment is related to an acquisition of shares by a promoter group entity. As per a disclosure under Regulation 29(2) of the SEBI Takeover Regulations, Mr. Ramesh Babulal Parekh acquired 31,000 equity shares of Gandhar Oil Refinery through open market purchases. Such acquisitions by insiders or significant shareholders are often viewed positively by the market as they signal confidence in the company's future prospects.
This purchase by Mr. Parekh, disclosed on September 9, 2026, likely enhanced investor confidence, leading to increased buying interest and the subsequent jump in the share price. The market generally interprets such insider buying as a bullish indicator, reflecting the buyer's belief that the stock is undervalued or poised for growth.
What does Gandhar Oil Refinery (India) Ltd do?
Gandhar Oil Refinery (India) Limited is a company operating in the oil refining sector. Its name directly indicates its involvement in the business of oil refining.
The company is publicly listed, with its equity shares traded on both the BSE Limited and the National Stock Exchange of India Limited under the specified codes and symbols.
Gandhar Oil Refinery (India) Ltd Financials
In CroresGandhar Oil Refinery (India) Ltd demonstrated strong growth between March 2026 and June 2026, with revenue rising from ₹1,093.37 Crores to ₹1,731.93 Crores, representing an increase of approximately 58.4%. The company's profit showed even more significant growth, jumping from ₹40.68 Crores to ₹192.29 Crores—a remarkable surge of roughly 372.7%. Additionally, the profit margin improved considerably, rising from approximately 3.72% in March 2026 to about 11.1% in June 2026, indicating that the company not only expanded its top line but also enhanced its operational efficiency and profitability during this period. Overall, the financial data reflects a robust upward trajectory for the company across both revenue and earnings metrics.
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 2.18% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Babulal Parekh. 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 ₹271.6, recording a gain of 2.18% from the previous close.
Q: What is the market capitalization of Gandhar Oil Refinery (India) Ltd?
The company currently has a market capitalization of ₹2658.41 crore, reflecting its valuation in the Indian equity market.