Castrol India: The stock headed for an uphill ride

Castrol India has lost over 17% value since mid-2013. The valuation is now down to a 5-year average. Continuing pressure means any immediate bounceback is unlikely.

The first half of 2014 is not likely to be any different from the past year and sales to commercial vehicles will continue to be under strain, said Ravi Kirpalani, MD. “Our focus will continue on the personal mobility space, where we have been steadily gaining market share,” Kirpalani told ET.