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Castrol Gains 4%; BSE OIL & GAS Index Up 0.4%
Tue, 10 Sep 9:29

Castrol Gains 4%; BSE OIL & GAS Index Up 0.4%Image source: StarLineArts/www.istockphoto.com

Castrol share price has zoomed 4% and is presently trading at Rs 265.9.

Meanwhile, the BSE OIL & GAS index is at 31,317.7 (up 0.4%).

Among the top gainers in the BSE OIL & GAS index today are Indraprastha Gas (up 1.3%) and BPCL (up 0.8%).

Over the last one year, Castrol has moved up from Rs 155.3 to Rs 265.9, registering a gain of Rs 110.7 (up 71.3%).

On the other hand, the BSE OIL & GAS index has moved up from 19,163.5 to 31,317.7, registering a gain of 63.4% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 148.7%), BPCL (up 98.6%) and IOC (up 93.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,691.1 (up 0.2%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 1.4%) and Bharti Airtel (up 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 25,007.0 (up 0.3%). Power Grid Corp. and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,880.5 to 81,691.1, registering a gain of 15,810.6 points (up 24.0%).

Castrol Financial Update...

Castrol net profit grew 3.1% YoY to Rs 2,322 million for the quarter ended June 2024, compared to a profit of Rs 2,253 million a year ago. Net sales rose 4.8% to Rs 13,975 million during the period as against Rs 13,338 million in April-June 2023.

For the year ended December 2023, Castrol reported 6.0% increase in net profit to Rs 8,641 million compared to net profit of Rs 8,152 million during FY22. Revenue of the company grew 6.3% to Rs 50,746 million during FY23.

The current Price to earnings ratio of Castrol, based on rolling 12 month earnings, stands at 29.7.


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