share market, Top trending stock: This stock gave bumper returns, further profit expected – top trending stock: castrol india give 30 percent return in last 3 month

New Delhi: Castrol India Limited is one of the leading players in the automotive and industrial lubricants sector. The midcap company is involved in the manufacturing and distribution of passenger car engine oils, premium two-stroke and four-stroke oils as well as industrial grade oils. Castrol India (NSE code: CASTROL) is witnessing renewed buying interest. The stock has gained more than 4% in the early hours of this trading session.

Last month the company announced the acquisition of “Key Mobility Solutions”, one of the leading players in the auto service and maintenance sector. The company expects to be supported by strong demand for its products and services in the times to come. Technically the stock has broken out of its counter-trend consolidation and has hit a new 52-week high. Its volumes touched above average levels and remained above the 30-day and 50-day average volumes. This indicates that there is a strong buying sentiment in the company’s stock. All its moving averages are in an uptrend and show bullish momentum on all time frames.

Top trending stock: The stock of this government company reached the highest level of 52 weeks on Friday
The MACD is signaling a bullish crossover while the 14-day RSI is showing strong upside momentum in the stock. The stock is technically strong and overall it can be said that it is expected to move higher in the coming days. The stock has given more than 30 per cent returns in the last three months and has given good returns to the investors. Currently, CASTROL share price remains at Rs 136 level. Looking at the rally in this stock, it should be kept in your profile.

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