New Delhi: Castrol India share price hit an 8-year high of Rs 241.15 apiece, up 12.59 per cent from the previous close. The engine oil and lubricant maker’s share price has surged over 15 per cent in the past 5 days. On a year-to-date basis, Catrol India’s share price has surged over 25 per cent.
Castrol India’s stock jumped to a 52-week high of Rs 252 apiece during the day’s trade on Wednesday. It opened at Rs 216.30 apiece on Wednesday before hitting a high of Rs 252 per share and a low of Rs 214.63 apiece during the day’s trade. The stock closed at Rs 216.98 apiece on Tuesday.
Castrol India’s total market capitalisation stood at Rs 23,852.69 crore at market closing on Wednesday, according to NSE data. Castrol India’s share price jumped 90 per cent in 1 year, putting it within arm’s length, or 10 per cent short, of doubling its stock value.
Castrol India RSI index
Castrol India’s RSI or Relative Strength Index stood at 72 as of Wednesday indicating its entry into the overbought zone. Any stock with an RSI greater than 70 is considered to be in overbought territory. Çastrol India’s share price is inching closer to the record high of Rs 272 apiece seen in December 2014.
Castrol India target share price
Castrol India’s share price target is Rs 245 apiece, according to InCred Equities’Gaurav Bissa. He cited the stock’s gradual progression since 2023, even crossing the Rs 200 per share level this year.
Tradebulls Securities’ S Uttekar gave a target share price of RS 270-285 per share for Castrol India with an expected base of RS 208 per share to be maintained this week, CNBCTV18 reported.
However, only 1 out of 5 analysts tracking the engine oil and lubricant maker has given a BUY call on Castrol India shares. While 3 analysts gave a Hold call on Castrol India’s share price, one analyst advised investors to sell the stock.
Castrol India’s share price has surged over 15 per cent in the past 5 days. On a year-to-date basis, Castrol India’s share price has surged over 25 per cent. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
