Gulf Oil Lubricants' Outlook Remains Positive Says Systematix Maintaining 'Buy'

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Gulf Oil Lubricants' Outlook Remains Positive Says Systematix Maintaining 'Buy'

Despite the global push for decarbonization, Gulf Oil expects EV penetration to reach at max 18-20% by FY28E which would keep supporting lubricants demand. Further, the large population, lower per capita consumption (8ltr in China versus 2.5ltr in India), infrastructure development, and government support are expected to keep the demand strong.NDTV Profit’s special research section collates quality and in-depth equity and economy research report…