94% returns in 2026! Savita Oil Tech share price jumped 20% today, hitting record high | Book profits or hold?
AI Summary
Savita Oil Technologies' recent price surge, despite a pullback, highlights the stock's volatility and the impact of broader market trends. The company's strong quarterly performance and growth prospects in the transformer fluids sector suggest potential for continued investor interest, especially as infrastructure investments ramp up. However, retail investors should be cautious of the stock's rapid ascent and consider profit-taking strategies, as the market may be pricing in future growth that could be challenging to sustain.
Savita Oil Technologies share price rallied as much as 20% in early morning session on Wednesday, amid rebound in both Indian indices. The stock opened at record high of ₹860.40 on NSE today, as compared to previous close of ₹717 on Tuesday. However, the stock pared most of its morning gains to trade near ₹745.
Meanwhile, Indian benchmark indices Sensex and Nifty recovered in early trading on Wednesday after declining for two consecutive sessions, supported by softer crude oil prices and buying interest in heavyweight IT stocks. The 30-share BSE Sensex gained 190 points to 72,733.04, while the broader NSE Nifty rose 22 points to 22,735.20 in early trade.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 30 September 2026.
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