Castrol India's Stock Price Declines by -3.09% Amidst Lackluster Performance

Castrol India Ltd., a leading player in the lubricants industry, has seen a decline of -3.09% in its stock price on October 22, 2024. The stock has been given a 'Hold' call by MarketsMOJO, indicating a neutral stance on the company's performance.

In terms of price movement, Castrol India has outperformed its sector by 0.26% today. However, the stock has been on a downward trend for the past two days, with a fall of -5.24% during this period. The stock also touched an intraday low of Rs 210.15, showing a decline of -3.13%.

Castrol India's performance is also reflected in its moving averages, as it is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. The lubricants sector as a whole has also seen a decline of -3.05%.

Investors may find some solace in the fact that Castrol India offers a high dividend yield of 3.69% at its current price. However, it is important to note that the stock's performance has not been in line with the overall market, as it has seen a decline of -15.98% in the past month, while the Sensex has only fallen by -4.48% during the same period.

Overall, Castrol India's stock performance has been lackluster in recent times, with a decline of -3.09% today and -15.98% in the past month. Investors may want to closely monitor the company's performance and keep an eye on any potential changes in the future.