Castrol India shares up by 1.70 pc at BSE

Mumbai, Feb 19 (UNI) Castrol India limited today rose by 1.70 per cent to close higher at Rs 284 on Bombay Stock Exchange (BSE), on reporting 49.05 per cent surge in net profit to Rs 56.76 crore in fourth quarter ended on December 2007 over same period of last year.

The results were announced during market hours at 1400 hrs here today, brokers informed.

On BSE, 45,787 shares were traded in the counter. The scrip had an average daily volume of 52,885 shares in the past one quarter.

The stock hit a high of Rs 290 and a low of Rs 281, so far during the day. The stock had a 52-week high of Rs 374 on December 31, 2007 and a 52-week low of Rs 205.75 on March 5, 2007.

The mid-cap scrip had outperformed the market over the past one month till February 18, gaining 1.38 per cent, compared to the Sensex's decline of 5.08 per cent. It had also outperformed the market in the past one quarter, gaining 2.29 per cent compared to Sensex's decline of 6.39 per cent.

The Company's current equity is Rs 123.64 crore. Face value per share is Rs 10.

The current price of Rs 284 discounts its Q3 September 2007 annualized EPS of Rs 17.54, by a PE multiple of 16.19.

Castrol India's total income rose by 0.15 per cent to Rs 486.09 crore in Q4 December 2007 over Q4 December 2006.

Castrol India manufactures and markets a range of automotive and industrial lubricants. It markets automotive lubricants under two brands - Castrol and BP, a leading broker said.

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