Castrol hits 52-week high on 56% jump in net

Castrol India finally settled at Rs 456, up around 4% from the previous close. Around 101,668 shares were traded as compared to the two-week daily average traded volumes of 36,648 shares on the BSE.
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(Updated at 1317hrs)

Castrol touched 52-week high at 465, on the back of 56.58% profit registered yesterday. The company posted a net profit of Rs 128.4 crore for the second quarter ended June,2009, as compared to a net profit of Rs 82 crore in the same period last year.

The stock is now up 2.5% at Rs 450. The BSE counter has witnessed trades of around 71,000, more than double its two-week average traded quantity of 36,648 shares.

The scrip has zoomed 19.5 per cent from a month ago close of 376 and has surged 15% within a week.

Total income of Castrol India, producer and marketer of motor oil and lubricants, rose to Rs 646.8 crore in the latest quarter from Rs 630.6 crore in the same quarter last fiscal.