Buy Castrol India, target Rs 455: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Castrol India Ltd. with a target price of Rs 455. The current market price of Castrol India Ltd. is Rs 446.45. The time period given by the analyst is Intra Day when Castrol India Ltd. price can reach defined target. Dr CK Narayan maintains stop loss at Rs 438.

Castrol India Ltd., incorporated in the year 1979, is a largecap company with a market cap of ₹ 22079.68 Cr.) operating in Petrochemicals sector.

Castrol India Ltd. key Products/Revenue Segments include Lubricating Oils & Greases which contributed ₹ 3778.72 Cr to Sales Value (99.66 % of Total Sales), Other Operating Revenue which contributed ₹ 8.16 Cr to Sales Value (0.21 % of Total Sales) and Scrap which contributed ₹ 4.54 Cr to Sales Value (0.11 % of Total Sales) for the year ending 31-Dec-2015.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 779.10 Cr., up 2.66% from last quarter Sales of ₹ 758.90 Cr. and down -1.15% from last year same quarter Sales of ₹ 788.20 Cr. Company has reported net profit after tax of ₹ 155.80 Cr. in latest quarter. The company’s CEO is Mr.Omer Dormen. It's Board of Directors include Ms.Chandana Dhar, Mr.Jayanta Chatterjee, Mr.Omer Dormen, Mr.Peter Weidner, Mr.R Gopalakrishnan, Mr.Ralph Hewins, Mr.S M Datta, Mr.Sashi Mukundan, Mr.Uday Khanna, Ms.Rashmi Joshi, Ms.Chandana Dhar. Company has its registered office at Technopolis Knowledge Park,, Mahakali Caves Road,, Andheri (East), Mumbai, 400093, Maharashtra. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 494,561,192 shares outstanding.