Castrol India Ltd. Stock Declines -3.17% on September 19, Still Offers High Dividend Yield

Castrol India Ltd., a leading lubricant company in the largecap industry, has seen a decline of -3.17% in its stock price on September 19, 2024. This underperformance is reflected in the stock's 'Hold' rating by MarketsMOJO.

The stock has been on a downward trend for the past 5 days, with a fall of -5.73% during this period. On the day of September 19, the stock touched an intraday low of Rs 245.65, showing a decline of -2.52%. However, the stock's moving averages are still higher than the 100 day and 200 day averages, but lower than the 5 day, 20 day, and 50 day averages.

At the current price, Castrol India Ltd. offers a high dividend yield of 3.17%. In comparison, the stock's performance on September 19 was -3.21%, while the Sensex's performance was 0.41%. Over the past month, the stock has seen a decline of -3.60%, while the Sensex has shown a growth of 3.56%.

Castrol India Ltd. is a well-established player in the lubricants industry, catering to the largecap segment. While the recent stock performance may be a cause for concern, the company's strong fundamentals and high dividend yield make it an attractive investment option for long-term investors.