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Buy Castrol India, target price Rs 152: Kunal Bothra

Kunal Bothra recommended to keep stoploss at Rs 142.

ETMarkets.com|
Updated: Nov 11, 2019, 11.42 AM IST
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Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 14446.13 Crore) operating in Petrochemicals sector.
Kunal Bothra of Independent Analyst has buy call on Castrol India Ltd. with a target price of Rs 152.0 . The current market price of Castrol India Ltd. is Rs 147.1 Kunal Bothra recommended to keep stoploss at Rs 142
Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 14446.13 Crore) operating in Petrochemicals sector.

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 30-09-2019, the company has reported a Standalone sales of Rs 849.20 Crore, down -18.31 % from last quarter Sales of Rs 1039.60 Crore and down -8.38 % from last year same quarter Sales of Rs 926.90 Crore Company has reported net profit after tax of Rs 188.40 Crore in latest quarter. The company’s top management includes Mr.Jayanta Chatterjee, Mr.Omer Dormen, Mr.R Gopalakrishnan, Mr.Rakesh Makhija, Mr.Ramchander Avanavadi Subramaniam, Mr.Sashi Mukundan, Mr.Uday Khanna, Ms.Rashmi Joshi, Ms.Sangeeta Talwar. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2019, the company has a total of 989,122,384 shares outstanding.

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