On Tuesday this small-cap stock gains up to 16% after commissioning a new plant. On the same day, the stock reached a new 52-week high of Rs. 387.20. This stock has delivered 32% returns in six months and 27% returns in one year and it is trading above the 50-day and 200-day moving averages.
Savita Oil Technologies Ltd
The company has a market capitalisation of Rs. 2,515 Cr making it a small-cap company. On Tuesday the stock rose up to 16%, currently, the company shares are trading 9.4% up at Rs. 364.80 on BSE.
According to the BSE filing, Savita Oil Technologies Ltd successfully commenced of new Synthetic Ester manufacturing plant at its facility in Mahad. This multipurpose plant is designed to manufacture Synthetic Easters for Transformer Fluid applications, and will also have the capability to manufacture Synthetic Easters for high-performance Automotive and Industrial Lubricants.
In addition, with this commissioning of this plant, Savita Oil Technologies will be the first company in the world to manufacture and market all three classes vis. Mineral Oil-based, Natural Easter, as well as Synthetic Easter-based Transformer Fluids.
The company’s total revenue grew by 3.5% from Rs. 905.45 Cr in Q1 FY23 to Rs. 937.40 Cr in Q1 FY24 and for the same period, net profit decreased by 38% from Rs. 90.77 Cr to Rs. 55.6 Cr.
As per the latest shareholding data, Promoters hold 71.92%, FIIs hold 1.86%, DIIs hold 7.71% and the public hold 18.51% stake in the company.
Savita Oil Technologies Ltd is a company that manufactures and sells petroleum products. Its business activities are primarily operated through the Petroleum Products and Wind Power sectors. The company’s products include Transformer oil, white oils and liquid paraffin, lubricating oils, petrolatum and petroleum jellies, oxidized waxes and wax emulsions.
Written by Sheshadr N
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