India's Savita Oil Tech drops after Q1 profit slump

Savita Oil Technologies

05/08/2024 08:49

** Shares of India's Savita Oil Tech  SAOL.NS  fall 8.3% to
576.9 rupees 
    ** Drop amid broader market decline; benchmark Nifty 50
 .NSEI  sheds 3%  .BO 
    ** Specialty petroleum products maker's Q1 net profit
slumped 24% y/y, total rev inched up ~4% 
    ** About 280,000 shares changed hands on the day, in-line
with 30-day avg 
    ** YTD stock has gained 64% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))