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Shares of Gulf Oil Lubricants India will remain in focus at the bourses on rating upgrade. In a post-market hours disclosure, the company said ICRA has upgraded its long-term rating from [ICRA] A to [ICRA] A+ and the short-term rating from [ICRA] A1 to [ICRA] A1+. The outlook on the long-term rating is stable. This upgrade in the long- and short-term ratings reflects the consistent healthy cash accruals generated by the company’s business.
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