India's Savita Oil Technologies hits over one-year-high on new plant ops

Savita Oil Technologies

17/10/2023 05:30

** Shares of specialty petroleum products co Savita Oil
Technologies  SAOL.NS  rise as much as 6.9% to 356 rupees,
highest since Sept. 13, 2022
    ** Co on Monday said it commissioned new synthetic ester
manufacturing plant at its facility in Mahad, Maharashtra
    ** Adds, co plans to launch a new range of EV coolants as
well as immersion cooling fluids based on esters from the plant
    ** Over 233,000 shares change hands as of 9:52 a.m. IST,
2.1X the 30-day moving average
    ** Stock last up 6%, extending YTD gain to 17.3%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))