Castrol India Ltd. Stock Price Dips by -3.0% and Rated as 'Hold' by MarketsMOJO

Oct 16 2024 02:15 PM IST
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Castrol India Ltd., a leading player in the lubricants industry, saw a -3.0% dip in its stock price on October 16, 2024. MarketsMojo has rated it as 'Hold' due to underperformance in the sector and a trend reversal after two days of gains. The stock is currently trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a mixed trend. It also offers a high dividend yield of 3.48%. In comparison to the overall market, the stock has shown a decline of -2.98% in the past day and -13.42% in the past month.

Castrol India Ltd., a leading player in the lubricants industry, has seen a dip in its stock price by -3.0% on October 16, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated it as 'Hold'.

The stock has underperformed the sector by -1.16% and has also shown a trend reversal after two consecutive days of gains. On the day of the decline, the stock touched an intraday low of Rs 223.6, which is a decrease of -2.68%.

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

Investors may also be interested to know that Castrol India Ltd. currently offers a high dividend yield of 3.48% at its current price.

In comparison to the overall market performance, Castrol India Ltd. has shown a decline of -2.98% in the past day and -13.42% in the past month, while the Sensex has only declined by -0.18% and -1.58% respectively.

Overall, Castrol India Ltd. has shown a decline in its stock price and has been rated as 'Hold' by MarketsMOJO. Investors may want to keep an eye on the stock's performance in the coming days.
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