Castrol India gains on good Q2 outcome

Castrol India rose 3.5% to Rs 325.10 at 14:32 IST on BSE after net profit rose 27.05% to Rs 153.60 crore on 1.6% rise in total income to Rs 881.40 crore in Q2 June 2013 over Q2 June 2012.

The Q2 result was announced during market hours today, 1 August 2013.

Meanwhile, the S&P BSE Sensex was up 0.19 points at 19,345.89

On BSE, 51,113 shares were traded in the counter as against average daily volume of 22,412 shares in the past one quarter.

The stock hit a high of Rs 331 and a low of Rs 312 so far during the day. The stock had hit a 52-week low of Rs 250.45 on 17 August 2012. The stock had hit a record high of Rs 371.45 on 4 June 2013.

The stock had underperformed the market over the past one month till 31 July 2013, falling 4.75% compared with the Sensex's 0.26% fall. The scrip had also underperformed the market in past one quarter, sliding 4.35% as against Sensex's 0.81% decline.

The large-cap company has equity capital of Rs 494.56 crore. Face value per share is Rs 10.

Castrol India's board of directors at its meeting held today, 1 August 2013, has decided to pay an interim dividend of Rs 3.50 per share for the year ending 31 December 2013.

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, premium 2-stroke and 4-stroke oils and multigrade diesel engine oils.

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