Buy Castrol India, target of Rs 560: Hem

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Buy Castrol India, target of Rs 560: Hem

Hem Securities has recommended a buy rating on Castrol India with a target price of Rs 560. The company has registered good set of numbers for the quarter ended June 2009. Net sales stood at Rs. 6375.00, million marginally up from corresponding quarter last fiscal.

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Hem Securities has recommended a buy rating on Castrol India with a target price of Rs 560 in its August 17, 2009 research report.

"The company has registered good set of numbers for the quarter ended June 2009. Net sales stood at Rs. 6375.00, million marginally up from corresponding quarter last fiscal. We initiate a 'BUY' signal on the stock with a target price of Rs 560 in three to four months investment horizon," says Hem Securities' research report.

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