Gulf Oil Corpoation hit the 5 per cent circuit to close at Rs 83 on entering into an agreement with Biocon to sell its Active Pharmaceuticals Ingredients undertaking, for an undisclosed amount.
The agreement is made through IDL Speciality Chemicals, a subsidiary of the company. The stock opened at Rs 80 and made an intraday high of Rs 83 and low of Rs 79.5. Total trading volumes stood at 2.4 lakh shares. The stock has a 52 week high of Rs 88 and low of Rs 24.