Gandhar Oil Refinery (India) Ltd shares jump 3.69% as SEBI takeover disclosure received for Ramesh Parekh
Why did Gandhar Oil Refinery (India) Ltd shares jump today?
Shares of Gandhar Oil Refinery (India) Ltd saw a notable jump on Thursday, rising by 3.69%. As of 10:58 AM, the stock was trading at ₹275.6. The upward movement appears to be driven by a recent regulatory filing that revealed significant insider buying in the company.
According to a disclosure submitted to the stock exchanges, Mr. Ramesh Babulal Parekh acquired 19,000 equity shares of Gandhar Oil Refinery through open market purchases. This transaction was made public under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates disclosure when a person's shareholding crosses a certain threshold. The company filed the necessary paperwork on September 9, 2026, confirming the acquisition.
Such substantial purchases by promoters or major stakeholders are often viewed positively by the market. They signal confidence in the company's future prospects and can reassure other investors. The news of this direct investment likely boosted investor sentiment, contributing to the share price increase seen today.
What does Gandhar Oil Refinery (India) Ltd do?
Gandhar Oil Refinery (India) Ltd is a company listed on major Indian stock exchanges, including the BSE Limited (Scrip Code: 544029) and the National Stock Exchange of India Limited (Symbol: GANDHAR). The company has a designated listing and compliance officer responsible for regulatory communications.
The company's equity shares are publicly traded and can be acquired through open market transactions, as evidenced by a disclosure regarding the purchase of 19,000 shares by an individual investor. It operates under the regulatory framework of the Securities and Exchange Board of India (SEBI).
Gandhar Oil Refinery (India) Ltd Financials
In CroresGandhar Oil Refinery (India) Ltd demonstrated strong financial growth from March to June 2026. Revenue increased substantially from ₹1093.37 Crores in March 2026 to ₹1731.93 Crores in June 2026, representing significant quarterly growth. The company's profit also showed a marked upward trend, rising from ₹40.68 Crores in March 2026 to ₹192.29 Crores in June 2026. Overall, the data indicates a period of robust expansion in both top-line revenue and bottom-line profitability for the company.
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 3.69% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh 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 ₹275.6, recording a gain of 3.69% from the previous close.
Q: What is the market capitalization of Gandhar Oil Refinery (India) Ltd?
The company currently has a market capitalization of ₹2697.56 crore, reflecting its valuation in the Indian equity market.