Meanwhile, the S&P BSE Sensex was up 52.14 points or 0.2% at 26,059.44.

On BSE, so far 61,000 shares were traded in the counter as against average daily volume of 81,578 shares in the past one quarter. The stock hit a high of Rs 397.80 and a low of Rs 388.50 so far during the day. The stock had hit a 52-week low of Rs 360.10 on 1 March 2016. The stock had hit a 52-week high of Rs 513.15 on 30 July 2015. The stock had outperformed the market over the past one month till 26 April 2016, gaining 5.47% compared with Sensex's 2.64% rise. The scrip had, however, underperformed the market in past one quarter, sliding 6.22% as against Sensex's 6.21% rise.

The large-cap company has equity capital of Rs 247.28 crore. Face value per share is Rs 5.

Before turning ex-dividend, the stock offered a dividend yield of 1.26% based on the stock's closing price of Rs 395.05 on BSE yesterday, 26 April 2016.

Castrol India's net profit rose 6.7% to Rs 140.80 crore on 7.9% decline in net sales to Rs 788.20 crore in Q4 December 2015 over Q4 December 2014. The company is scheduled to announce its Q1 March 2016 results on 5 May 2016.

Castrol India manufactures and markets a range of automotive and industrial lubricants.