CHART PATTERN: FALLING WEDGE
MOVING AVERAGE:
STRATEGIES ARE DISCUSSED IN THE BELOW SECTION
SUPER TREND: BUYING SIGNAL
Castrol India is the business of providing all types of oils, fluids, and lubricants to cater the needs of the entire world for every driver, rider, and industry.
Castrol India is the pioneer of Liquid Engineering which intends to serve every driver and industry on earth.
The company is striving to lubricate every part of the car or motorcycle, the escalators present in the mall, office elevators and even the production line which produces the refrigerator.
Mayank Pandey has been appointed to the board by Castrol India Limited.
Castrol India has completed 120 years of delivering innovation which meets the customer requirements.
The company is more focused on reducing emissions and improving efficiency for the fast developing technologies found in electric and hybrid vehicles.
Castrol India has seven global R&D centers in the US, UK, Germany, China, and Japan.
Many of the company’s products are recommended by and co-engineered with major vehicle manufacturers including Audi, Ford, Honda, Jaguar Land Rover, MAN, Seat, Skoda, Tata, Volkswagen, and Volvo.
The company is not only in the commercial and passenger segments but in Formula One racing as well.
1. CAR ENGINE OIL & FLUIDS.
2. MOTORCYCLE OIL & FLUIDS.
3. COMMERCIAL VEHICLE OIL & FLUIDS.
4. INDUSTRIAL PRODUCTS.
5. MARINE PRODUCTS.
6. OIL & GAS PRODUCTS.
1. CASTROL EDGE.
2. CASTROL MAGNATEC.
3. CASTROL GTX.
4. CASTROL TRANSMAX.
5. CASTROL POWER1.
6. CASTROL ACTIV.
7. CASTROL GO.
Let’s have a complete understanding of Castrol India.
Table of Contents
BUSINESS ANALYSIS
Castrol India is the business of providing all types of oils, fluids, and lubricants to cater the needs of the entire world for every driver, rider, and industry.
Castrol India is the pioneer of Liquid Engineering which intends to serve every driver and industry on earth.
The company is striving to lubricate every part of the car or motorcycle, the escalators present in the mall, office elevators and even the production line which produces the refrigerator.
Mayank Pandey has been appointed to the board by Castrol India Limited.
Castrol India has completed 120 years of delivering innovation which meets the customer requirements.
The company is more focused on reducing emissions and improving efficiency for the fast developing technologies found in electric and hybrid vehicles.
Castrol India has seven global R&D centers in the US, UK, Germany, China, and Japan.
Many of the company’s products are recommended by and co-engineered with major vehicle manufacturers including Audi, Ford, Honda, Jaguar Land Rover, MAN, Seat, Skoda, Tata, Volkswagen, and Volvo.
The company is not only in the commercial and passenger segments but in Formula One racing as well.
KEY BUSINESS PRODUCTS
1. CAR ENGINE OIL & FLUIDS.
2. MOTORCYCLE OIL & FLUIDS.
3. COMMERCIAL VEHICLE OIL & FLUIDS.
4. INDUSTRIAL PRODUCTS.
5. MARINE PRODUCTS.
6. OIL & GAS PRODUCTS.
KEY BUSINESS BRANDS
1. CASTROL EDGE.
2. CASTROL MAGNATEC.
3. CASTROL GTX.
4. CASTROL TRANSMAX.
5. CASTROL POWER1.
6. CASTROL ACTIV.
7. CASTROL GO.
The company is also sponsoring a number of events related to formula racing.
Now, coming to the financials of the Castrol India.
FINANCIAL KEY METRICS
The Market Capitalization of Castrol India is ₹ 13,694 Cr.
Castrol India has a price to earnings ratio of 17.6 which is quite lesser than the industry price to earnings ratio of 26.1 indicating that Castrol share price is lower as compared to the earnings it is producing.
The return on capital employed of the Castrol India is 56.8% which is superb and shows that the company is providing awesome returns on the capital invested in it.
The return on equity of Castrol India is 41.9% showcasing the company’s great return on the investment done by their investors.
The debt to equity ratio of Castrol India is 0 which is ideal with respect to any company.
FINANCIAL ANALYSIS
For the quarter ended 30-06-2021, Castrol share price reported a sales of Rs 890 Cr.
The sales of the company were down by almost 22% from last quarter sales of Rs 1,139 Cr which is understood that due to Covid’s 2nd wave there was a reduction in the sales.
The net profit of Castrol share price was Rs 140 Cr in the latest quarter ended 30-06-2021.
The earning per share of the company is Rs 1.42 which is as per the quarter ended 30-06-21.
SHARE HOLDING SYNOPSIS
PROMOTERS – 51.0%.
FIIs – 12.03%.
DIIs – 16.52%.
PUBLIC – 20.45%.
This is a brief overview of the financials of the Castrol share price.
Now, let’s deep dive into the technicalities of Castrol share price.
CHART PATTERN ANALYSIS OF CASTROL SHARE PRICE
If we take a closer look at the chart in a daily time frame, a falling wedge pattern is formed.
The breakout is already achieved, and the share price is starting to move in the upward direction.
For Castrol share price there is 1 target as stated in the above image.
The Castrol share price on 14th September 2021 is Rs 138.
MOVING AVERAGE OF CASTROL SHARE PRICE
For Castrol share price analysis, we are taking 9 days and 21 days moving average.
In history, whenever there is a crossing of 9 days and 21 days moving average there is a reversal in the stock.
The two moving averages have crossed each other which is a great sign for diving deep into this stock for short term gains
The 9 days moving average is indicated in red while the 21 days moving average is blue.
SUPER TREND OF CASTROL SHARE PRICE
The super trend for Castrol share price is suggesting a buying signal in the daily timeframe.
In the last couple of sessions, there is a change in the signal by a super trend which indicates that this is the time for right entry in this stock.
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