Reasons for buying:
Buy PE was reasonable at 5.79 and below 10 years PE median of 11.55.
Earnings have increased 4 times since 2012 and there are lackluster results too.
Return on equity is good at 22.85%.
The market cap of the company is ₹1,774.36cr.
The debt of the company is ₹0.48cr with ₹288.66cr in cash.
Buy date: 12-Nov-2021
Qty: 7 Buy Price: ₹1,297.85 Buy EPS: 223.77 Buy PE: 5.79
The price of the stock is down about -0.77% from my buy price. I will stop buying when EPS drops to 64.89.
Buy date: 18-Nov-2021
Qty: 8 Buy Price: ₹1,161.05 Buy EPS: 223.77 Buy PE: 5.18
Savita Oil Technologies Ltd manufactures and sells petroleum products. The business activity of the firm is generally operated through the petroleum products and wind power segments. Its products include Transformer oil, White oils and liquid paraffin, Lubricating oils. Petrolatum and petroleum jellies, Oxidized waxes and wax emulsions, cable filling compounds and optic fiber compounds, waterless engine coolant, and renewable energy. Geographically the group has an international business presence and derives most of the revenue from petroleum products segments.
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