Savita Oil Technologies' Stock Sees -7.25% Decline, But Moving Averages Remain Strong

Savita Oil Technologies, a smallcap company in the lubricants industry, saw a decline of -7.25% in its stock price on August 5th, 2024. According to MarketsMOJO, the stock has been given a 'Hold' call.

The stock opened with a loss of -2.8% and touched an intraday low of Rs 581 (-7.41%). It has been on a consecutive fall for the last 2 days, with a total decline of -6.07% during this period. The stock's performance today was -3.57% lower than the sector's performance.

Despite this recent decline, Savita Oil Technologies' moving averages are still higher than the 50 day, 100 day, and 200 day moving averages. However, it is currently lower than the 5 day and 20 day moving averages.

In the lubricants sector, there has been a decline of -2.59%. In comparison, Savita Oil Technologies' 1 day performance was -7.07% while the Sensex's performance was -1.87%. Similarly, in the past month, the company's performance was -9.17% while the Sensex's performance was -0.66%.

Investors should keep an eye on Savita Oil Technologies' stock performance in the coming days to see if it can recover from its recent decline. However, it is important to note that this article is based on factual information and does not offer any recommendations or mention any potential future developments.