Castrol India surges 6.5%

India Infoline News Service | Mumbai | September 20, 201609:40 IST

BP is looking to sell 8.5% stake in Castrol India through a block deal worth Rs.1,750 crore on Tuesday.

Castrol India
Castrol India Ltd is currently trading at Rs. 446.4, up by Rs. 23.95 or 5.67% from its previous closing of Rs. 422.45 on the BSE. BP is looking to sell 8.5% stake in Castrol India through a block deal worth Rs.1,750 crore on Tuesday. Price band of the block deal is set at Rs. 408-422.5 compared to its Monday's closing price of Rs. 422.55 on NSE.

The scrip opened at Rs. 432 and has touched a high and low of Rs. 459 and Rs. 432 respectively. So far 6237764 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 20892.74 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 478.4 on 09-Sep-2016 and a 52 week low of Rs. 360.1 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 464 and Rs. 420.5 respectively.

The promoters holding in the company stood at 59.53 % while Institutions and Non-Institutions held 23.1 % and 17.37 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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