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    Buy Castrol India, target price Rs 123: HDFC Securities

    Synopsis

    Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 11231.48 Crore) operating in Petrochemicals sector.

    Castrol India
    Promoters held 51.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.65 per cent, DIIs 16.25 per cent.
    HDFC Securities has buy call on Castrol India with a target price of Rs 123. The current market price of Castrol India Ltd. is Rs 113.45. 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 11231.48 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-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Standalone Total Income of Rs 1250.70 Crore, up 13.39 % from last quarter Total Income of Rs 1103.00 Crore and up 8.47 % from last year same quarter Total Income of Rs 1153.00 Crore. Company reported net profit after tax of Rs 228.40 Crore in latest quarter.

    Investment Rationale
    Sustaining above its 50 and 100 days EMA. Indicators and Oscillators have been showing strength.

    Promoter/FII Holdings
    Promoters held 51.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.65 per cent, DIIs 16.25 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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