Castrol India Ltd Share Price (CASTROLIND)

Castrol India Stock Expected to Attempt an Up Move - 24 Apr, 2024

Technical momentum oscillators such as Slow Stochastic and MACD are on the verge of turning favourable, while DI has already turned positive. Castrol stock is expected to attempt an up move towards higher-end of trading band at Rs 230-odd levels with support around Rs 206 and Rs 201.50.

Castrol India's ROE at 41%, expected earnings acceleration - 17 Apr, 2024

Castrol India's stock has risen by 26% in the last three months. The company's ROE for the trailing twelve months to December 2023 is 41%. Castrol India pays dividends, and its latest industry analyst forecasts reveal that the company's earnings are expected to accelerate.

Castrol India Shows Consistent Dividend Track Record - 16 Apr, 2024

Despite a high payout ratio, Castrol India has shown consistent dividend growth and robust financial performance in the last quarter of 2023. However, its high cash payout ratio could pose challenges if not managed carefully.

Castrol India Ltd Stock Falls by 5.64% - 15 Apr, 2024

Castrol India Ltd stock fell by 5.64% and closed at Rs. 203.4 on BSE. The company's Q3 FY23-24 revenue from operations grew by nearly 8.5% YoY to Rs. 270 crore, accompanied by an increase in net profit of 38.1% YoY to Rs. 116 crore.

Castrol India Demonstrates Consistent Dividend Payout - 11 Apr, 2024

Despite a high cash payout ratio, Castrol India has consistently paid dividends over the past decade and shows positive momentum with rising sales and net income. The proposed final dividend of INR 4.50 per share for FY2023 highlights its commitment to rewarding shareholders.

Castrol India Shares Surge on Strong Demand Growth Hopes - 09 Apr, 2024

Shares of Castrol India surged 9% to a seven-year high of Rs 226.80 amid heavy volumes, driven by hopes of sustained demand growth across segments. The company has guided margins to be in the range of 23-26% and volume growth of 5% during CY24. The demand for commercial vehicles is influenced by rising factory and farm output, infrastructure development, and mechanisation of agriculture. For personal mobility vehicles, the demand is driven by a growing aspirational middle class, easy access to finance, and lack of robust public transport infrastructure.

Castrol India Ltd Stock Attracts Attention from PMS Fund Managers and HNIs - 05 Apr, 2024

Castrol India Ltd's stock has gained attention from PMS fund managers and high net worth individuals due to a slower adoption of electric vehicles, which is good news for the company that primarily caters to the internal combustion engine segment. The foreign parents holding at just 51 percent also provides comfort to bulls as it lowers the possibility of a promoter stake sale.

Castrol India Faces Challenges with Dividend Sustainability Despite Sales Growth - 03 Apr, 2024

Castrol India's high cash payout ratio of 97.9% raises concerns over dividend sustainability despite an increase in quarterly sales and net income growth. The company's price-to-earnings ratio suggests some value potential.