Meanwhile, the S&P BSE Sensex was down 256.53 points or 1.38% at 18,285.67.

On BSE, 1,812 shares were traded in the counter as against average daily volume of 20,433 shares in the past one quarter.

The stock hit a high of Rs 308.40 and a low of Rs 303.50 so far during the day. The stock had hit a 52-week low of Rs 236.65 on 1 June 2012. The stock had hit a record high of Rs 338 on 8 October 2012.

The stock had underperformed the market over the past one month till 11 April 2013, sliding 6.99% compared with the Sensex's 5.62% fall. The scrip had, however, outperformed the market in past one quarter, declining 1.53% as against Sensex's 5.7% fall.

The large-cap company has equity capital of Rs 494.56 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 1.13% based on the closing price of Rs 308.80 on Thursday, 11 April 2013.

Castrol India's net profit rose 10.4% to Rs 117.90 crore on 1.4% decline in net sales to Rs 758 crore in Q4 December 2012 over Q4 December 2011.

Castrol India manufactures and markets a range of automotive and industrial lubricants. It markets its automotive lubricants under two brands -- Castrol and BP. The company has leadership positions in most of the segments in which it operates including passenger car engine oils, premium 2-stroke and 4-stroke oils and multigrade diesel engine oils.