Meanwhile, the BSE Sensex was down 176.31 points or 1.02% to 17,048.05.

On BSE, 94,000 shares were traded in the counter as against average daily volume of 32,100 shares in the past one quarter.

The stock hit a high of Rs 599 so far during the day, which is a record high for the counter. The stock hit a low of Rs 585 so far during the day. The stock had hit a 52-week low of Rs 385.05 on 15 December 2011.

The stock had outperformed the market over the past one month till 2 August 2012, jumping 8.99% compared with the Sensex's 1% fall. The scrip had also outperformed the market in past one quarter, surging 16.61% as against Sensex's 0.45% fall.

The large-cap company has an equity capital of Rs 247.28 crore. Face value per share is Rs 10.

Shares of Castrol India have rallied 12.47% in six trading sessions from a recent low of Rs 530 on 26 July 2012.

Castrol India's board of directors on 16 July 2012 announced a liberal 1:1 bonus issue.

Castrol India's net profit fell 15.2% to Rs 120.90 crore on 7.8% growth in net sales to Rs 851.30 crore in Q2 June 2012 over Q2 June 2011.

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