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Hold Castrol India; target of Rs 110: ICICI Direct

ICICI Direct recommended hold rating on Castrol India with a target price of Rs 110 in its research report dated May 12, 2022.

May 14, 2022 / 01:53 PM IST
 
 
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ICICI Direct's research report on Castrol India


Castrol India, a subsidiary of BP, operates in the lubricants business and caters to automotive and industrial segments. Automotive segment volumes contribute 80-85% of total sales volume • Castrol has high pricing power and commands premium for its products.



Outlook


We retain HOLD rating on the stock. We value Castrol India at Rs 110 i.e.~13x CY23E EPS.

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For all recommendations report, click here


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first published: May 14, 2022 01:53 pm
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