Castrol India Ltd. Stock Sees Decline, But Remains Strong Player in Lubricant Industry

Castrol India Ltd., a leading lubricant company in the largecap industry, has recently seen a decline in its stock price. On October 3rd, 2024, the company's stock lost -3.68%, underperforming the sector by -0.62%. This has led to a 'Hold' call by MarketsMOJO.

The stock has been on a consecutive fall for the last 2 days, with a -2.75% decline in returns during this period. On the same day, the stock also touched an intraday low of Rs 238.8 (-2.41%). However, it is worth noting that 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 3.27%. In comparison, the stock's performance in the last 1 day and 1 month has been -3.80% and -12.26% respectively, while the Sensex has performed at -1.55% and 0.49% during the same periods.

Despite the recent decline in stock price, Castrol India Ltd. remains a strong player in the lubricant industry, with a largecap size. Investors may want to keep an eye on the company's performance in the coming days. This is not a recommendation to buy or sell the stock, but rather a fact-based update on its recent performance.