On March 6th 2025, Castrol India recorded their largest single-day hike in share prices. The company experienced a spike of approximately 10% since the opening bell. Analysts and market experts speculate that the sudden spike is due to Saudi Aramco’s consideration to bid for BP’s (British Petroleum) lubricant business- Castrol. This acquisition has the potential to expand Aramco’s downstream operations.
BP initiated a strategic review of Castrol to explore various possible options, including a sale. This aligns with BP’s broader plan to divest approximately $20 billion in assets by 2027, streamlining operations and enhancing cash flow. Analysts suspect Castrol could be valued between $6 billion and $8 billion. Castrol India shares opened to the market at Rs. 246.00 a piece and are currently up by 10% compared to the opening bell rates.
Castrol India Share Price in Today’s Market
At 12:30 p.m., Castrol India’s share price is 246.07, nearly 10% higher than the previous close. And approximately 10% higher than its opening rate. According to the reports and estimates on Money Control, the company’s current market capitalization shows 24,479 stores; the UC Limit is 266.79, and the LC Limit is 177.86.
Company Financials
Castrol India reported its third-quarter financial statements in October 2024. According to the data, Castrol India earned a net profit of Rs. 207 crore, a 6.7% increase from Rs. 194 crore in the same period the previous year. The company reported Rs.1,288 crore in revenues, indicating a 9% year-over-year growth. Reports say that the performance was driven by heavy demands for automobile lubrication products, which comprise over 80% of the company’s revenue, amid rising vehicle sales in India.
Recent News About Castrol India
- Castrol India’s Chief Financial Officer and Whole-time Director, Deepesh Baxi, resigned on February 18th.
- On February 3rd, Castrol India declared an interim dividend of ₹9.5 per share. The record date for this dividend is set for March 18th.
Castrol India Share Price Target
Market experts on Trendlyne estimated that Castrol India Ltd. has an average target of 240.50. The consensus suspects a downside of -3.10% from the last price of 248.20.
Should You Buy, Sell, Or Hold?
Analysts on Money Control are divided between buying and holding. 60% of them suggest buying, and 20% recommend selling the shares. Meanwhile, analysts on Trendlyne also provide a mixed review of buying and holding.
Before investing in Castrol India, consider its long-term performance and consult your analyst to make the perfect move, as investments are subject to market risk.
