Castrol India listless and down

Castrol India which was on a roll yesterday is down in the red. The stock is currently down 3% at Rs.351, with an intra day low at Rs.345.50.

The stock is down after the company issued a clarification stating that the parent company has no option to delist. The stock price had zoomed up yesterday on rumours that the stock is to be delisted from the bourses.

After market hours, Castrol stated that the company is not aware of any current plans to delist its equity shares from the stock exchanges. And the disappointed traders dumped the stock today after this clarification.