Meanwhile, the S&P BSE Sensex was up 285.84 points or 1.14% at 25,387.57.
On BSE, so far 2.66 lakh shares were traded in the counter as against average daily volume of 86,134 shares in the past one quarter. The stock hit a high of Rs 405.85 and a low of Rs 386.85 so far during the day. The stock had hit a 52-week high of Rs 513.15 on 30 July 2015. The stock had hit a 52-week low of Rs 360.10 on 1 March 2016. The stock had outperformed the market over the past one month till 4 May 2016, gaining 3.04% compared with Sensex's 1.17% fall. The scrip had, however, underperformed the market in past one quarter, declining 5.12% as against Sensex's 3.14% gains.
The large-cap company has equity capital of Rs 247.28 crore. Face value per share is Rs 5.
Castrol India's operating profit rose 37% to Rs 247 crore in Q1 March 2016 over Q1 March 2015, driven mainly by 9% volume growth. Commenting on the Q1 performance, Managing Director, Omer Dormen said that the good performance was underpinned by volume growth across all segments, good progress on key strategic drivers and a continuing favourable cost of goods environment. Commenting on the outlook for the rest of the 2016 year he said that he expects base oil prices to climb after seeing upward movement in crude oil prices. Rise in base oil prices together with the continuing rupee volatility could impact company's cost of goods. On the other hand, the company expects the economy to become more vibrant with the optimistic monsoon forecast, resulting in increased vehicle sales and freight movement-both of which will positively impact the business.
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