About Company
Savita Oil Technologies Limited is an Indian automotive, industrial lubricant and petroleum specialty oils production company with its headquarters at Mumbai, Maharashtra. It has primarily engaged in manufacturing of petroleum specialties such as transformer oils, liquid paraffin and white oils, petroleum jellies, synthetic petroleum sulfonates and other specialties.
Savita Oil has been ranked #42 in Fortune Next 500 list under lube oil and lubricants category, by Fortune India. The company is also involved in manufacturing of automotive and industrial lubricants. In 2018, the company relaunched Savsol, a domestic brand of lubricants and engine oils
Types of lubricants
Automotive applications dominate, but other industrial, marine, and metal working applications are also big consumers of lubricants. Although air and other gas-based lubricants are known, e.g., in fluid bearings, liquid and solid lubricants dominate the market, especially the former.
Lubricants are generally composed of a majority of base oil plus a variety of additives to impart desirable characteristics. Although generally lubricants are based on one type of base oil, mixtures of the base oils also are used to meet performance requirements.
The lubricant base oil is generally classified into three categories depending on the prevailing compositions:
Paraffinic
Naphthenic
Aromatic
Source - http://www.savita.com/index.php
Year High - 413
Year Low - 200
Returns
1 MONTH - 7%
3 monthS - 21%
6 months - 27%
12 months - 23%
Technicals - Moving Averages
20 DMA - 289
50 DMA - 277
100 DMA - 277
200 DMA - 286
Trading below DMA the scrip is currently trading weak and can be avoided.
Date 04 June 2023
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