Castrol India ruled firm in a weak market today, following good buying support from operators, who are accumulating the stock on rumours that the company may buy back its shares shortly.
The scrip of the lubricants major ended 2.36 per cent higher at Rs 199.75 on the BSE, where up to 43,848 shares changed hands.
Dealers said operators are accumulating the stock on rumours that the firm might repurchase its equities soon. However, the schedule of the buy-back programme and the offer price is not known.
The surge in the Castrol India counter also comes ahead of the company
