CASTROLS

Brett Lee granted tax relief by ITAT due to invalid notice service

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) provided relief to former Australian cricketer Brett Lee in a tax case, ruling that the notice served to him under the Income Tax Act was beyond the limitation period. The case involved a ₹3 crore endorsement fee received by Lee for the assessment year 2013-14 from three Indian entities. The tribunal found that the notice, sent a day before the deadline and to the wrong email address, was invalid. As a result, the assessment order was quashed.

10 midcap stocks with the highest dividend yield over past one year

The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock's current price. According to Trendlyne data, as many as 10 BSE Midcap index stocks have paid up to a 5.2% dividend yield in the past one year. Here is the list:

These 4 stocks close crossing below VWAP on April 10

Market trading guide: SBI Cards, Castrol India among 4 stock recommendations for Wednesday

Benchmark indices hit new peaks on Tuesday with Sensex breaching the historic 75,000-mark for the first time during intra-day before ending the session marginally lower on profit-booking at higher levels. "Indian markets reached a fresh intra-day peak before seeing profit-booking at higher levels in anticipation of tomorrow's key US inflation data, which carries weight in determining future rate cuts by the US Fed," said Vinod Nair, Head of Research, Geojit Financial Services.

Mumbai Indians hit another century in brand new season

The franchise has achieved a 20% increase in IPL sponsorship revenues in 2024, following a record haul of more than Rs 100 crore in 2023. "We continue to assert sponsorship dominance as we build momentum both on and off the field," the spokesperson said, adding, "We have recorded the best commercial year in the last 17 years of the IPL."

OMC stocks plunge up to 8% on cut in petrol, diesel prices; HPCL top loser

OMCs' stocks plummeted up to 8% after a Rs 2 per litre price cut, impacting margins. Major companies like HPCL and BPCL faced significant share price declines. Motilal Oswal expects negative stock price reactions in near term.

Castrol’s shift to volumes over margins gives it the growth lube

An Indian subsidiary of BP, Castrol India has launched products at a lower price point to improve volume, which it had earlier avoided due to intense competition. Lower raw material costs are expected to aid the company's efforts to tap the price conscious segment of customers.

Buy Castrol India, target price Rs 230: Motilal Oswal

Castrol India Ltd. key Products/Revenue Segments include Petroleum Products, Other Operating Revenue and Scrap for the year ending 31-Dec-2022.

15-20% upside possible in Castrol; 2 real estate stocks to buy now: Hemang Jani

Hemang Jani recommends considering midcap companies like Mahindra Lifespace and Anant Raj for potential upside of 18-20%. He also discusses positive outlook on Castrol, ICICI Bank, Federal Bank, L&T, and Asian Paints in their respective sectors and says he sees a case for a 20-25% kind of an upside in green energy stocks even from the current price point

AB Capital & Castrol India are Nagaraj Shetti’s top picks of the day. Here’s why

Nagaraj Shetti recommends AB Capital and Castrol India as top picks. AB Capital has a positive chart pattern and a target of Rs 196-197. Castrol India is in an uptrend with a target of Rs 220-222. Both stocks have stop losses in place.

Fundamental Radar: What’s likely to drive volume growth, market share for Castrol India? Narendra Solanki explains

​In the Indian market, Castrol persists in delivering essential electric vehicle (EV) fluids to original equipment manufacturers partners, demonstrating their dedication to the country's electrification drive.

Fundamental Radar I What’s likely to drive volume growth, market share for Castrol India? Narendra Solanki explains

3 stocks closed crossing above VWAP on January 29

Oil stocks in deep green amid Red Sea crisis. ONGC shares jump 8%

Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea.

Market Trading Guide: Bank of Maharashtra, Castrol India among 5 stock recommendations for Friday

Domestic benchmark indices fell on Thursday, as HDFC Bank extended its post-earnings decline, while IT stocks came under pressure amid growing doubts over early US rate cuts. The S&P BSE Sensex closed 0.44% lower at 71,187, while the NSE Nifty50 index closed below the 21,500 level. "The short-term trend of Nifty remains weak. Having declined sharply, there is a possibility of a pull-back rally in the short term, which is expected to be a ‘sell on rise’ opportunity. Important resistance to be watched at 21,700-21,800 levels. The important lower supports are placed at 21,200-21,000 levels," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.

Sensex gains for 3rd straight day, rises 230 pts; Nifty above 21,400; Castrol soars 14%

49 smallcaps deliver double-digit weekly gains in volatile market. What should investors do?

PC Jeweller was the top gainer in the smallcap pack with nearly 60% return, followed by Salsar Techno (31.6%), Gallantt Ispat (28%), and Sangam (26%).

Ahead of Market: 10 things that will decide D-Street action on Tuesday

The smallcap index ended in the positive even as the advance decline ratio softened to 1.09:1. Nifty on Monday formed a small red candle with minor upper and lower shadows on the daily chart

Ahead of Market: 10 things that will decide D-Street action on Monday

Rupak De, LKP Securities said, "Nifty has largely traded within a range, showing a predominantly bullish sentiment. Over the past two to three days, a 'buy on dips' approach has been loved by the street since the Nifty crossed the crucial 19,500 mark. The trend is expected to stay positive as the Nifty consistently concludes trading sessions above the critical moving averages. Support levels are situated at 19,630/19,500 on the lower end, while resistance is placed at 19,850/ 20,000 on the higher end."

Buy Castrol India, target price Rs 160: Motilal Oswal

Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 13847.71 Crore) operating in Petrochemicals sector.

For moderate risk takers: 4 midcap stocks from different sectors with potential upside of up to 29%

After 6 months of relentless rally, mid-cap stocks are witnessing some correction. Except for one trading session in the month of September. The correction even in mid-cap has not been very sharp or broad based. At this point of time analysts are bullish on select midcap stocks, ones which have seen their score improving. Stocks from sectors like railways, construction and consumer electrical are on the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Breakout Stocks: How Syngene International, Petronet LNG and Castrol India are looking on charts for Thursday’s trade

Stocks that were in focus on Wednesday included names like Syngene International (up over 4%), Petronet LNG (which closed with gains of nearly 7%), and Castrol India (which rose more than 4% to hit a fresh all-time high)

Castrol India, Aurobindo Pharma among 10 stocks with RSI trending down

Explore the significance of the Relative Strength Index (RSI) in assessing stock movements as we delve into the top 10 stocks that witnessed a decline in their RSI. Discover how this crucial indicator can aid investors in making informed decisions.