IdeasNeosagi

Savita Oil Technologies Ltd

Long
NSE:SOTL   SAVITA OIL TECHNOL
*Savita Oil Technologies Ltd*

Rising C&H Formation on Decadal Basis.
Heavy Vol Consolidation & Continued BuiltUp
RSI: 1H >D=W >M

Lower ATH Priceline BreakOut. Need to Sustain.
Resistance @366 to be Watched.

*Trail SL with Upside*
*Book Profit as per Risk Appetite*

Growing Sales / Profitability: Yrly / Qtrly Basis. Zero Debt. Growing TNW. Healthy Liquidity levels & Cash Accruals.
+ve CF from Ops barring FY23.
Moderation in RoA / RoE / RoCE in FY23 vs. FY22
Satisfactory WC Cycle. Capex Completed.
Promoters Stake: Stable.
FII / DII Stake: Oscillating in Range.

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