India's Savita Oil Tech hits record high as co to manufacture ester molecule

Savita Oil Technologies

16/04/2024 09:41

** Shares of Savita Oil Technologies  SAOL.NS  rise as much
as 8.7% to a record high of 532 rupees before trimming gains to
trade 7.6% higher
    ** Specialty petroleum products co to manufacture ester
molecule, becomes first Indian lubricant firm to do so
    ** SAOL hits record high for 12th time in 2024
    ** Stock up ~15% so far in April, after gaining in the
previous four straight months
    ** Stock rose in last four quarters, gaining 93.6% during
the period
    ** Trading vol is 4x the 30-day daily avg
    ** Stock rose 17% in 2023, up for third consecutive year 
    ** SAOL gained ~49% so far in 2024 

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))