1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Castrol has dropped a whooping 52%. Any news on that?

Discussion in 'Technical Analysis' started by jiju6justus, Dec 21, 2017.

  1. jiju6justus

    jiju6justus Member

    Joined:
    Aug 8, 2017
    Messages:
    16
    Likes Received:
    10
    Occupation:
    Engineer
    What's the reason for the fall?
     
    jiju6justus, Dec 21, 2017
    Share #1
  2. chaitanya_mella

    chaitanya_mella Contributor

    Joined:
    May 20, 2017
    Messages:
    141
    Likes Received:
    109
    chaitanya_mella, Dec 21, 2017
    Share #2
  3. jiju6justus

    jiju6justus Member

    Joined:
    Aug 8, 2017
    Messages:
    16
    Likes Received:
    10
    Occupation:
    Engineer
    ok ..... thatz cool .....
     
    jiju6justus, Dec 21, 2017
    Share #3
  4. abhijitupsc

    abhijitupsc Contributor

    Joined:
    Sep 19, 2017
    Messages:
    118
    Likes Received:
    107
    abhijitupsc, Dec 21, 2017
    Share #4
  5. chaitanya_mella

    chaitanya_mella Contributor

    Joined:
    May 20, 2017
    Messages:
    141
    Likes Received:
    109
    chaitanya_mella, Dec 21, 2017
    Share #5
  6. abhijitupsc

    abhijitupsc Contributor

    Joined:
    Sep 19, 2017
    Messages:
    118
    Likes Received:
    107
    abhijitupsc, Dec 21, 2017
    Share #6
  7. chaitanya_mella

    chaitanya_mella Contributor

    Joined:
    May 20, 2017
    Messages:
    141
    Likes Received:
    109
    Oil is a raw material for them. When oil is low their margins improve. They take a hit when oil prices move up. Looking at these ratios I think it’s actually available cheap.
    IMG_8538.JPG


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    chaitanya_mella, Dec 21, 2017
    Share #7
  8. abhijitupsc

    abhijitupsc Contributor

    Joined:
    Sep 19, 2017
    Messages:
    118
    Likes Received:
    107
    abhijitupsc, Dec 21, 2017
    Share #8
  9. abhijitupsc

    abhijitupsc Contributor

    Joined:
    Sep 19, 2017
    Messages:
    118
    Likes Received:
    107
    One more information..Shabbir sir's investment checklist exclude the companies operating in sectors heavily regulated by government..I also buy that argument..Does this Castrol work across the same argument? (ENTIRELY DEPENDENT ON OIL)

    Sent from my Redmi Note 4 using DIY Technical Analysis mobile app
     
    abhijitupsc, Dec 22, 2017
    Share #9
  10. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    I avoid OIL as a sector because they do not have the pricing power either. I won't be a customer if I have to pay extra but then lubricants is different. In case of castrol, it is the case of lubricants and so that doesn't hold like it is regulated on the price front but then it may be regulated on purchasing of raw material.
     
    shabbir, Dec 22, 2017
    Share #10
    bhat64, abhijitupsc and chaitanya_mella like this.
  11. bhat64

    bhat64 Apprentice

    Joined:
    Oct 27, 2016
    Messages:
    230
    Likes Received:
    249
    To add more off last 5 years I also see the growth of other brands Gulf oil, veedol, Max, Shell..there was time when Castrol was ubiquitous not anymore I think..so competition is pulling its sales down?!


    Sent from my iPhone using DIY Technical Analysis mobile app
     
    bhat64, Dec 26, 2017
    Share #11
    shabbir and chaitanya_mella like this.