Castrol India gains after shifting to rolling segment on NSE

Castrol India rose 2.30% to Rs 303 at 9:21 IST on BSE as the stock will be transferred from trade-for-trade segment to rolling segment on the National Stock Exchange from today, 28 March 2014.

Meanwhile, the BSE Sensex was up 103.25 points, or 0.46%, to 22,317.62.

On BSE, so far 15,000 shares were traded in the counter, compared with an average volume of 24,894 shares in the past one quarter.

The stock hit a high of Rs 305 and a low of Rs 302.50 so far during the day. The stock hit a record high of Rs 371.45 on 4 June 2013. The stock hit a 52-week low of Rs 285.80 on 25 March 2014.

The stock had underperformed the market over the past one month till 27 March 2014, rising 2.49% compared with the Sensex's 5.85% rise. The scrip had also underperformed the market in past one quarter, sliding 6.01% as against Sensex's 4.82% rise.

The large-cap company has an equity capital of Rs 247.28 crore. Face value per share is Rs 5.

Castrol India net profit rose 7% to Rs 126.20 crore on 7.8% increase in total income to Rs 836.60 crore in Q4 December 2013 over Q4 December 2012.

Castrol India manufactures and markets a range of automotive and industrial lubricants. It markets its automotive lubricants under two brands - Castrol and BP. The company has leadership positions in most of the segments in which it operates including passenger car engine oils, 4-stroke oils and multigrade diesel engine oils. Castrol India has the largest manufacturing and marketing network amongst the lubricant companies in India. The company has three manufacturing plants, including a state-of-the-art plant in Silvassa. The company reaches its consumers through a distribution network of over 270 distributors, servicing over 91000 retail outlets.

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