Oil Sector Small Cap Co. Recommends 200% Final Dividend, Stock Jumps 109.19% In 3 Yrs

Savita Oil Technologies Ltd. in its Board meeting, which was held on 26 May 2023, recommended a final dividend of Rs. 4/share on each fully paid equity share of Rs 2. each i.e. 200% for the financial year 2022-23.

Savita Oil Technologies Ltd. is a small cap Oil Gas & Petroleum Fuels sector company. It has a market valuation of Rs. 1,908.21 crore.

200% Final Dividend

According to the regulatory filing by the Board of Directors of Savita Oil Technologies Ltd., "Final dividend @200% (i.e. Rs.4/- on each fully paid equity share of Rs.2/-) for the financial year 2022-23, subject to approval of the Shareholders at the ensuing Annual General Meeting of the Company."

Stock Outlook

The stock is currently trading at Rs. 276.15 apiece, down 0.29% from its previous close. The stock has fallen 8.89% in the past 1 week. It jumped 10.17% in the past 3 months.

The stock has given 23.26% positive return in the past 1 year, 109.19% in the past 3 years and 20.17% in the past 5 years, respectively.

It recorded its 52 week high on 1 September 2022 at Rs. 412.80 apiece and 52 week low on 20 June 2022 at Rs. 200.02 apiece, respectively.

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