Castrol India rose 2.97% to Rs 517.80 at 12:15 IST on BSE as falling crude oil prices will result in lower raw material costs for the company.
Meanwhile, the BSE Sensex was down 631.45 points, or 2.27%, to 27,210.87.
On BSE, so far 1.07 lakh shares were traded in the counter, compared with an average volume of 80,213 shares in the past one quarter.
The stock hit a high of Rs 520 and a low of Rs 497.75 so far during the day. The stock hit a record high of Rs 544 on 8 December 2014. The stock hit a 52-week low of Rs 282 on 16 May 2014.
The stock had underperformed the market over the past one month till 5 January 2015, falling 5.64% compared with 2.16% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 16.33% as against Sensex's 4.80% rise.
The large-cap company has an equity capital of Rs 247.28 crore. Face value per share is Rs 5.
Brent crude futures edged higher after a steep slide yesterday, 5 January 2015. Brent for February settlement was up 17 cents at $53.28 a barrel. The contract slumped $3.31 a barrel or 5.9% to settle at $53.11 a barrel yesterday, 5 January 2015, its lowest settlement since 1 May 2009, amid speculation rising global output will exacerbate oil supply glut.
Castrol India's net profit rose 12.82% to Rs 117.90 crore on 10.07% increase in total income to Rs 813.80 crore in Q3 September 2014 over Q3 September 2013.
Castrol India manufactures and markets a range of automotive and industrial lubricants.
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