LIC cuts Castrol India stake by 2.05% via market sale
CASTROLIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 2.3 pts less than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Life Insurance Corporation of India sold 2,02,98,761 shares (2.052%) of Castrol India through market transactions between 30 April 2026 and 9 October 2026. LIC's holding fell from 9.051% (8,95,29,217 shares) to 6.999% (6,92,30,456 shares). LIC is not part of the promoter group.
Large institutional sell-off may weigh on short-term sentiment; signals portfolio rebalancing and reduced support from a major holder.