HomeNewsBusinessStocksHold Castrol India, says AK Prabhakar

Hold Castrol India, says AK Prabhakar

AK Prabhakar of IDBI Capital is of the view that one may hold Castrol India.

July 05, 2016 / 16:00 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

AK Prabhakar of IDBI Capital told CNBC-TV18, "There are limited companies which generate RoEs above 100. Castrol's RoE is about 110. So these kinds of companies are likely to give consistent return and they never kept the cash generated by them. They always pay as dividend and they also reward bonus shares. These stocks normally reward, these are MNC companies and off late their topline has not been growing by there is a margin expansion.""They are getting into niche products and they are able to market themselves well. This is one stock which is not up to the mark till now. So huge potential is there and hold on to this stock. It's a high quality stock and they are getting into margin expansion mode," he said.

first published: Jul 5, 2016 04:00 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!