Castrol India hits 5-month high on heavy volumes; up 50% from January low

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Castrol India hits 5-month high on heavy volumes; up 50% from January low - Business Standard

Quick Summary:

Till 11:11 am; a combined 27.24 million equity shares representing 2.75 per cent of total equity of the company have changed hands on the NSE (26.35 million shares) and BSE (0.89 million shares).

Management has maintained a bullish outlook on India as a market and expects robust demand for lubricants to remain until the late CY30s and early CY40s, largely attributed to the low penetration of cars in the country.

The stock price of lubricants company has bounced back 50 per cent from its 52-week low level of Rs 162.80 touched on January 28, 2025.