Castrol and Gulf Oil have underperformed the markets, with recovery picking up momentum, there is a good upside in both the stocks
Speaking to CNBC-TV18, Ravi Kirpalani, MD, Castrol India says the base oil price decline has been half that of crude price. The company plans to pass on some of the benefits of reduced base oil prices to consumers.
Margins will get squeezed and the biggest risk comes from foreign exchange volatility. But despite all this, the company has no plans to go slow on investments.