Castrol India Ltd. sees positive stock performance, offers high dividend yield

Oct 09 2024 09:30 AM IST
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Castrol India Ltd. has shown a positive trend in its stock performance on October 9th, 2024, gaining 3.14% and closing at Rs. 229.05. The stock has been on a consecutive gaining streak for the last 2 days and offers a high dividend yield of 3.56%. However, its volatility and mixed trend in the short term should be monitored.

Castrol India Ltd., a leading lubricant company in the Indian market, has seen a positive trend in its stock performance on October 9th, 2024. The stock gained 3.14% and closed at Rs. 229.05, outperforming the sector by 1.15%. MarketsMOJO has given a 'Hold' call for the stock.

In today's trading session, Castrol India Ltd. has shown high volatility with an intraday volatility of 44.71%. The stock touched an intraday high of Rs. 230.95, which is 2.9% higher than the previous day's closing price. This indicates a strong buying interest in the stock.

Castrol India Ltd. has been on a consecutive gaining streak for the last 2 days, with a total return of 4.17% in this period. The stock is currently trading higher than its 200-day moving average, but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This suggests a mixed trend in the short term.

At the current price, Castrol India Ltd. offers a high dividend yield of 3.56%. This makes it an attractive option for investors looking for regular income.

In comparison to the overall market performance, Castrol India Ltd. has outperformed the Sensex by 3.06% in the last 1 day and has underperformed by -9.89% in the last 1 month. This indicates a strong performance in the short term, but a slight underperformance in the longer term.

Overall, Castrol India Ltd. has shown a positive trend in its stock performance, with a strong buying interest and a high dividend yield. However, investors should keep an eye on the stock's volatility and its performance in the longer term. MarketsMOJO's 'Hold' call suggests a cautious approach for investors.
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