Time period given by analyst is Intra Day when Castrol India Ltd. price can reach defined target.
Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 14297.76 Crore) operating in Petrochemicals sector.
Castrol India Ltd. key Products/Revenue Segments include Petroleum Products, Other Operating Revenue and Scrap for the year ending 31-Dec-2020.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 902.90 Crore, down -21.69 % from last quarter Total Income of Rs 1153.00 Crore and up 78.51 % from last year same quarter Total Income of Rs 505.80 Crore. Company reported net profit after tax of Rs 140.00 Crore in latest quarter.
Investment Rationale
Stock has given an inverse head & shoulder breakout on the daily chart
Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of June 30, 2021, while FIIs held 12 per cent, DIIs 16.5 per cent and public and others 20.5 per cent.
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