Savita Oil Technologies spurts on incorporating wholly owned subsidiary

Savita Oil Technologies is currently trading at Rs. 305.30, up by 8.75 points or 2.95% from its previous closing of Rs. 296.55 on the BSE.

Savita Oil Technologies
Savita Oil Technologies

The scrip opened at Rs. 309.95 and has touched a high and low of Rs. 309.95 and Rs. 300.80 respectively. So far 4037 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 412.00 on 01-Sep-2022 and a 52 week low of Rs. 184.00 on 05-Jan-2022.

Last one week high and low of the scrip stood at Rs. 314.40 and Rs. 285.00 respectively. The current market cap of the company is Rs. 2107.56 crore.

The promoters holding in the company stood at 71.81%, while Institutions and Non-Institutions held 9.00% and 19.20% respectively.

Savita Oil Technologies has incorporated wholly owned subsidiary namely ‘Savita GreenTec’ on October 03, 2022. Savita GreenTec is incorporated with the objects to venture into business of manufacturing and recycling. Entire share capital of Savita GreenTec is held by the Company.

Savita Oil Technologies is principally engaged in two segments, namely, manufacturing of petroleum speciality products and generation of electricity through windmills / wind power plants.

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