BSE Code: | NSE Code: | ISIN: | Sector:

NSE
376.80
Change Change %
-1.85 -0.49%

Updated:23 Oct, 2017, 15:56 PM IST

BSE
377.05
Change Change %
-0.95 -0.25%

Updated:23 Oct, 2017, 15:55 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Motilal Oswal
N/A
24-08-2017 Buy 388.30 N/A
N/A
Open Long (1Y)
24-08-2018

Motilal Oswal maintains buy on Castrol India

Castrol India (CSTRL) renewed its distribution agreement with Essar Oils for the sale of Castrol lubricants through Essar's retail network. The company launched its new product Castrol Hysol XBB in the industrial lubricant segment.CSTRL's >80% payout policy, RoE/RoCE of around 100% and FCF to PAT conversion at >80% reflect its superior balance sheet and high-quality cash flows, which warrant higher valuation multiples, in our view.

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