Savita Oil Share Price Hits 20% Upper Circuit at Record Rs 862.80, Then Gives Up Most Gains: Book Profits or Hold?

Savita Oil share price had a wild session on Wednesday. The stock opened at the 20% upper circuit of Rs 860.40 on the NSE and touched a record Rs 862.80 on the BSE, as more than 2 million shares changed hands in the first 17 minutes of trade across both exchanges.

The rally in Savita Oil share price did not hold. Selling picked up through the morning, and by 12:23 PM the stock was trading at Rs 735.60 on the NSE, up just 2.59% from the previous close of Rs 717 and about 15% below the day's high. Total NSE volume had crossed 2.19 crore shares by then.

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Why Did Savita Oil Share Price Jump to a Record High?

Savita Oil share price jumped on optimism about the company's growth outlook, especially demand for transformer oils used in power grids, renewable energy projects and data centres. The stock had already risen about 25% in September, even as the BSE Sensex fell 5.6% during the month.

The June quarter set the base for the rally in Savita Oil share price. Savita Oil Technologies reported its highest-ever quarterly revenue of Rs 1,513 crore, up 49.2% year on year, and profit before tax of Rs 387 crore, up 434.7%. Export and lubricating oil volumes grew in double digits, although domestic white oil sales declined.

Brokerage support also helped Savita Oil share price. ICICI Securities has a Buy rating with a revised target of Rs 950, based on 18 times estimated FY28 earnings. It expects revenue to grow at a 32% compound annual rate over FY26 to FY28, with EBITDA and profit after tax growing at about 41% a year.

Why Did the Stock Reverse So Sharply?

The reversal in Savita Oil share price points to heavy profit booking at record levels. After a strong run and a 20% opening jump, many traders chose to lock in gains. Volumes were far above normal, which often signals both aggressive buying and quick selling in a small-cap stock.

There is also a quality question over the June quarter numbers. Management said a sharp rise in crude and refined product prices led to higher input and product prices along with inventory gains during the quarter. Inventory gains can reverse when crude prices fall, so part of that record profit may not repeat.

Here is where Savita Oil share price and key ratios stood around 12:23 PM on 30 September 2026, based on exchange data.

Metric	Value
Stock	Savita Oil Technologies
Current price (NSE)	Rs 735.60
Record high (BSE, today)	Rs 862.80
Day's low	Rs 735.00
Previous close	Rs 717.00
P/E (TTM)	About 12
Industry P/E	15.64
P/B ratio	2.72
ROE	10.02%
Debt to equity	0.00

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What Does Savita Oil Technologies Do?

Savita Oil Technologies, incorporated in 1961 and based in Mumbai, is a leading maker of specialty petroleum products. Its petroleum specialty oils business, which includes transformer oils, white oils and liquid paraffins, contributes about 73% of sales, while lubricating oils and greases make up about 26%.

The company is pushing into advanced ester-based transformer fluids for renewable energy, data centres and transport infrastructure. Its ability to offer mineral, natural ester and synthetic ester fluids positions it for the shift toward safer and more sustainable insulating oils.

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Book Profits or Hold?

Savita Oil stock still looks reasonably valued on paper, at a P/E ratio of about 12 times trailing earnings, below the industry P/E of 15.64, and the company is debt-free. ICICI Securities' Rs 950 target sits well above the current Savita Oil share price.

The case for caution is just as clear. The stock has run up sharply, today's reversal from Rs 862.80 shows how quickly sentiment can change, and part of recent profits came from inventory gains linked to high crude prices. Investors with large gains may consider partial profit booking, while long-term investors should track whether margins hold as crude prices cool.

Key Risks

• Crude price swings: Falling crude could reverse inventory gains and pressure margins.
• Feedstock supply: The company flagged daily volatility in key feedstock supplies.
• Volatility: Small-cap stocks with high volumes can see sharp intraday swings, as today showed.
• Domestic weakness: White oil sales in India declined in the June quarter.

Bottom Line on Savita Oil Share Price

Savita Oil share price hit a 20% upper circuit at a record Rs 862.80 on Wednesday before sliding back to around Rs 735, a sign of heavy profit booking after a strong run. Strong transformer oil demand, record June quarter results and ICICI Securities' Rs 950 target support the story, but inventory gains and volatility call for caution. Consult a SEBI-registered advisor before deciding to book profits or hold.

Frequently Asked Questions on Savita Oil Share Price

Why did Savita Oil share price jump today?

Ans. Savita Oil share price jumped 20% to a record Rs 862.80 on the BSE on 30 September 2026 on heavy volumes, driven by optimism about demand for transformer oils and industrial lubricants after record June quarter results.

Why did Savita Oil shares fall after hitting the upper circuit?

Ans. The stock gave up most of its gains as traders booked profits after the sharp rise. By around 12:23 PM it was trading near Rs 735.60, still up about 2.6% from the previous close but roughly 15% below the day's high.

What were Savita Oil Q1 FY27 results?

Ans. In the June 2026 quarter, Savita Oil Technologies reported its highest-ever quarterly revenue of Rs 1,513 crore, up 49.2% year on year, and profit before tax of Rs 387 crore, up 434.7%.

What is the ICICI Securities target for Savita Oil share price?

Ans. ICICI Securities has a Buy rating on Savita Oil Technologies with a target of Rs 950, based on 18 times estimated FY28 earnings. This is a brokerage estimate, not a guaranteed return.

What does Savita Oil Technologies make?

Ans. Savita Oil Technologies makes specialty petroleum products. Petroleum specialty oils, including transformer oils and white oils, contribute about 73% of sales, and lubricating oils about 26%.

Should I book profits or hold Savita Oil shares?

Ans. That depends on your entry price, time horizon and risk appetite. The stock has run up sharply and part of recent profits came from inventory gains, so consult a SEBI-registered advisor before deciding.