SBI Mutual Fund’s stake in Savita Oil Technologies

SBI Mutual Fund bought a 3% stake in Savita Oil Technologies. This led the company’s stock price to increase by 10%. Check Share Price

SBI Mutual Fund has bought around 20.73 lakh shares via a block deal at Rs. 408 per share. The shares are sold by promoter Mehra Syndicate. SBI Mutual Fund

Apart from SBI Mutual Funds, HDFC Mutual Fund has a 7.4% stake in the company. HDFC Mutual Fund

At present Savita Oil Technologies is trading around Rs. 444.90 closer to its 52-week high at Rs. 484.95. This also led the company to cross a Rs. 3000 cr market value.

The company produces and distributes different types of products such as industrial oils, greases, petroleum products, transformer oils, etc.

Check out more 5paisa webstories

[{"selector":"#anim-0e261045-35b1-4b3d-a19a-4b3a4ea946e3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5fdf8fa2-fe92-42f1-b415-8af4cdfd68df","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-550db45c-2c8a-49ca-b3f9-9a1e4b5ffbd4","keyframes":{"transform":["translate3d(0px, 453.05562%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More Web-Stories

[{"selector":"#anim-40d6a209-42f6-4903-a360-b692d6e8e50b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-99c76a23-ae4e-494c-bf64-93da6ebc9d2d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ab368768-cf6e-4698-bd4b-ce8d4b86bcf2","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Click Here - Open Demat Account