Castrol can cross 630-635 levels easily: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, shares his views on various stocks.

ET Now: What is your call on Castrol?

Ashwani Gujral: The story for Castrol is that uses crude oil as a raw material and every time crude goes down Castrol tends to move higher. So, it went up to 575 now down to about 520 or so again in an uptrend you could easily see Castrol crossing levels of 630-635. For longer run you have larger targets on Castrol if global economy goes weak. In 2008 everything fell when crude fell but Castrol was one of the big outperformers in the Indian market. So, levels of 700-750 are not unlikely.