Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 11948.60 Crore) operating in Petrochemicals sector.
Financials
For the quarter ended 30-09-2020, the company reported a Standalone sales of Rs 883.10 Crore, up 80.00 % from last quarter Sales of Rs 490.60 Crore and up 3.99 % from last year same quarter Sales of Rs 849.20 Crore Company reported net profit after tax of Rs 204.60 Crore in latest quarter.
Investment Rationale
After retracing 50% of the Oct-Dec month up move, in today’s trade, the stock has defended levels of Rs 120. It ended near its 50-day EMA. Hence, any sustenance at current levels could lift the stock towards Rs 132 zone.
Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of March 31, 2020, while FIIs held 11.83 per cent, DIIs 18.34 per cent and public and other 18.83 per cent.
