4,500 per cent returns in this multibagger stock: Board announces stock split!

The stock delivered exceptional returns, with a 415 per cent increase in just 6 months, a 1,180 per cent increase in 1 year, and a staggering 4,500 per cent increase in 3 years.

Servotech Power Systems Ltd announced that The Board of Directors of the company has approved a sub-division (split) of equity shares of the company having a face value of Rs 2 each (fully paid-up) into 2 equity shares of face value of Rs 1 each (fully paid-up). The company fixed the record date for stock split as Friday, July 28, 2023.

Servotech Power Systems is a Small-Cap company with a market cap of over Rs 1,700 crore. This is the second split, within a year. Earlier in February 2023, the company had split the face value from Rs 10 to Rs 2.

Servotech Power Systems Ltd is engaged in manufacturing LED lighting solutions, UPS (uninterruptible power supply) systems, inverters, and batteries. The company also manufactures and distributes EV charging solutions, solar products and medical devices.

The net sales increased by 125.81 per cent to Rs 115.31 crore and net profit increased by 364.62 per cent to Rs 6.04 crore in Q4FY23 over Q4FY22. The net sales increased by 87.63 per cent to Rs 269.57 crore and net profit increased by 173.43 per cent to Rs 11.04 crore in FY23 over FY22. 

On Wednesday, one of the Top Gainers on NSE, shares of Servotech Power Systems jumped 5 per cent upper circuit to Rs 165.75 per share from its previous closing of Rs 157.90 per share.

The stock delivered exceptional returns, with a 415 per cent increase in just 6 months, a 1,180 per cent increase in 1 year, and a staggering 4,500 per cent increase in 3 years. Investors should keep an eye on this multibagger small-cap stock.