Castrol India Ltd. Sees Positive Growth in Stock Price, Outperforms Sector and Offers High Dividend Yield

Apr 01 2024 10:00 AM IST
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Castrol India Ltd., a leading player in the lubricants industry, saw a 5.62% increase in its stock price on April 1st, 2024, outperforming the sector by 2.58%. According to MarketsMojo, the stock's current call is 'Hold', with a neutral stance and no recommendation to buy or sell. The stock's performance has been better than the sector's, with a 2.55% increase. It also offers a high dividend yield of 5.91%, making it an attractive option for investors.


Castrol India Ltd., a leading player in the lubricants industry, has seen a positive growth in its stock price on April 1st, 2024. The stock gained 5.62%, outperforming the sector by 2.58%. The day's high for the stock was Rs 196.75, a 5.78% increase from the previous day's closing price.

According to MarketsMOJO, a leading financial analysis platform, the stock's current call is 'Hold'. This indicates a neutral stance on the stock, with no recommendation to buy or sell. The stock's performance today has been better than the sector's, which has seen a 2.55% increase.

Castrol India Ltd.'s stock is currently trading higher than its 5-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 20-day moving average. This suggests a mixed trend in the stock's performance.

In the lubricants sector, Castrol India Ltd. has gained 2.55%, indicating a positive trend in the industry. The stock also offers a high dividend yield of 5.91% at the current price, making it an attractive option for investors.

Looking at the stock's performance in comparison to the overall market, Castrol India Ltd. has outperformed the Sensex by 5.65% in the past day and has seen a negative performance of -8.03% in the past month, while the Sensex has seen a positive growth of 0.73% and 0.60% respectively.

Overall, Castrol India Ltd. has shown a positive growth in its stock price and is currently trading at a higher level than its moving averages. With a positive trend in the lubricants sector and a high dividend yield, the stock presents a promising opportunity for investors.
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