Buy Castrol India, target Rs 174: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Castrol India Ltd. with a target price of Rs 174. The current market price of Castrol India Ltd. is Rs 166. Time period given by the analyst is Intra Day when Castrol India Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 160. Castrol India Ltd., incorporated in 1979, is a midcap company with a market cap of Rs 16419.43 crore.'
Castrol India Ltd. key Products/Revenue Segments include Petroleum Products which contributed Rs 3836.10 Crore to Sales Value (99.59 % of Total Sales), Other Operating Revenue which contributed Rs 10.16 Crore to Sales Value (0.26 % of Total Sales) and Scrap which contributed Rs 5.30 Crore to Sales Value (0.13 % of Total Sales)for the year ending 31-Dec-2017.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 926.90 Crore, down -8.88 % from last quarter Sales of Rs 1017.20 Crore and up 7.60 % from last year same quarter Sales of Rs 861.40 Crore Company has reported net profit after tax of Rs 150.40 Crore in latest quarter. The company’s top management includes Mr.Jayanta Chatterjee, Mr.Omer Dormen, Mr.Peter Weidner, Mr.R Gopalakrishnan, Mr.S M Datta, Mr.Sashi Mukundan, Mr.Uday Khanna, Ms.Rashmi Joshi, Ms.Sangeeta Talwar. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-12-2018, the company has a total of 989,122,384 shares outstanding.