The stock dipped 7% to Rs 181 after the company reported single digit 2% growth in net profit at Rs 1.82 billion in Q4FY18, due to sharp rise in input costs
Input cost pressure and lower volumes impact June quarter performance
Improving volume growth, superior returns ratio and brand positioning key positives
The former now holds a 51% stake in the Indian subsidiary
The stock rallied 9% to Rs 459 on the NSE in early morning trade after a more than 1% stake changed hands on the counter in multiple block deals on the NSE and BSE.
The deal size amounts to 8.53% stake in the company
About 58.15 million equity shares representing 11.8% of total equity of Castrol India changed hands on the BSE
The stock rallied 6% to Rs 412 after the company reported a better than expected growth in net profit during Q1FY16.
The stock dipped 6% to Rs 383 after the company posted 7% yoy growth in net profit at Rs 141 crore for the quarter ended December 31, 2015.