Castrol India shares end lower post Q2 earnings; check dividend

For the fiscal year that ends on December 31, 2023, Castrol India’s board of directors declared an interim dividend of Rs 3 per equity share of Rs 5 each.

Its motorcycle oil and fluids include motorcycle engine oils, brake fluids, chain lubricants, fork oil, greases, bike point and gear oils. — *Shares of Castrol India are trading above their respective moving averages of five, ten, twenty, fifty, one hundred, and two hundred days.*

INTRODUCTION

Following the release of Castrol India Ltd.’s earnings for the June 2023 quarter and half-year, the company’s shares closed the day lower. For financial reporting, the company uses the calendar year (January to December).

In comparison to the same quarter a year prior, Castrol India’s consolidated earnings increased by 9.22% to Rs 225 crore from Rs 280 crore.

In comparison to the previous BSE close of Rs 147.50, Castrol India shares ended the day 1.80% lower at Rs 144.85.

The stock has returned 27.51% over the past year and is up 16% this year. On the BSE, a total of 4.52 lakh shares were exchanged, totaling a transaction of 6.66 crore rupees.

The 52-week low for Castrol India stock was Rs. 107.70 on March 27, 2023, and the 52-week high was Rs. 152.25 on July 28, 2023.

Manufacturing and marketing lubricants for use in industrial and automotive applications, as well as providing related services, are the company’s main business activities.

It offers a variety of automotive fluids and engine oils, such as greases, braking fluids, axle lubricants, and transmission fluids.

Motorcycle engine oils, brake fluids, chain lubricants, fork oils, greases, bike point and gear oils are among the motorcycle oils and fluids offered by this company.