Capita Telepholio Short Term BUY Recommendation
24/01/2007
BUY: Castrol India
BSE Code: 500870
NSE Symbol: Not listed
Castrol India is a 70.92% subsidiary of Castrol UK (part of BP Group), marketing the most popular lube brand in India. Strong growth in automobile industry and expected easing of raw material price in future should help it get back to the growth track.
Actual EPS for year ended December 2005: Rs 11.5
Actual EPS for year ended December 2006 Rs 11.3
24/01/2007
BUY: Castrol India
BSE Code: 500870
NSE Symbol: Not listed
Castrol India is a 70.92% subsidiary of Castrol UK (part of BP Group), marketing the most popular lube brand in India. Strong growth in automobile industry and expected easing of raw material price in future should help it get back to the growth track.
Actual EPS for year ended December 2005: Rs 11.5
Actual EPS for year ended December 2006 Rs 11.3