Castrol India recovers on bargain hunting

Castrol India rose 1.84% to Rs 312 at 14:13 IST on BSE, with the stock recovering on bargain hunting after 5-day 4.84% slide.

Meanwhile, the S&P BSE Sensex was down 8.67 points or 0.05% at 18,429.11.

On BSE, 13,000 shares were traded in the counter as against average daily volume of 21,383 shares in the past one quarter.

The stock hit a high of Rs 313.85 and a low of Rs 305.65 so far during the day. The stock had hit a record high of Rs 338 on 8 October 2012. The stock had hit a 52-week low of Rs 236.65 on 1 June 2012.

The stock had underperformed the market over the past one month till 8 April 2013, sliding 6.59% compared with the Sensex's 6.33% fall. The scrip had, however, outperformed the market in past one quarter, declining 1.61% as against Sensex's 6.61% fall.

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

Shares of Castrol India had declined 4.84% in five trading sessions to settle at Rs 306.35 on Monday, 8 April 2013, from a recent high of Rs 321.95 on 1 April 2013.

Castrol India's net profit rose 10.4% to Rs 117.90 crore on 1.4% decline in net sales to Rs 758 crore in Q4 December 2012 over Q4 December 2011.

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.

Powered by Capital Market - Live News