Castrol India pares gains after weak Q1 results

Castrol India was up 0.84% to Rs 293 at 13:16 IST on BSE, paring intraday gains after net profit fell 19.39% to Rs 100.20 crore on 3.31% increase in total income to Rs 832.60 crore in Q1 March 2014 over Q1 March 2013.

The company announced the result during trading hours today, 13 May 2014.

Meanwhile, the BSE Sensex was up 338.76 points, or 1.44%, to 23,889.76.

On BSE, so far 1.02 lakh shares were traded in the counter, compared with an average volume of 35,136 shares in the past one quarter.

Trading in the counter was volatile. The stock rose 2% at the day's high of Rs 298.85 earlier in the day. The stock fell 0.68% at the day's low of Rs 291 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 9 May 2014, sliding 4.74% compared with 1.29% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.20% as against Sensex's 12.85% rise.

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

Castrol India manufactures and markets a range of automotive and industrial lubricants.

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