Multibagger EV-charger manufacturer stock under Rs 125 jumps over 4 per cent today; Here’s why!
From Rs 2.31 to Rs 121.90 per share, the stock delivered multibagger returns of 5,177 per cent in 3 years.
Today, shares of Servotech Power Systems Ltd gained 4.43 per cent to Rs 121.90 per share from its previous closing of Rs 116.73 per share. The stock’s 52-week high of Rs 129.81 while its 52-week low of Rs 69.50 with a market cap of Rs 2,640 crore. From Rs 2.31 to Rs 121.90 per share, the stock delivered multibagger returns of 5,177 per cent in 3 years.
Recently, INCHARZ (Servotech EV Infra Pvt Ltd.), one of India’s fastest growing Charge Point Operator and EV Charging Infrastructure developers has signed an agreement with Prateek Group, one of the leading real estate developers, to establish Public EV charging stations at their sites. The agreement was signed by Prem Prakash, CEO, Incharz and Sunil Kumar Mittal, President, Prateek Group. This initiative will prove to be beneficial in decarbonizing mobility and driving positive change for the environment and society. By facilitating easy access to EV charging, the project will benefit building occupants, residents, visitors, and EV owners of the nearby vicinity.
Prateek Group will facilitate sites to INCHARZ for setting up Public EV charging stations. Incharz will be responsible for designing, supplying, installing, commissioning, operating, and maintaining these charging stations at the complexes. These charging stations will comprise AC and DC EV chargers of various capacities to facilitate the charging of 2, 3, and 4 wheeler EVs, ensuring accessibility and convenience for all EV users. INCHARZ's involvement will drive the energy transition in India's e-mobility ecosystem by providing a robust and reliable EV charging network.
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About Servotech Power Systems Ltd
Servotech Power Systems, a trusted brand with a nationwide presence on the NSE, has over 20 years of experience in electronics. They leverage this expertise to design and manufacture cutting-edge AC and DC charging solutions for electric vehicles. Their chargers cater to both commercial and domestic applications, ensuring compatibility with a wide range of EVs. With its comprehensive engineering capabilities, Servotech is positioned to be a key player in building India's EV charging infrastructure. Backed by a history of innovation and advanced technology development, Servotech is committed to shaping the future of e-mobility in India.
In Q1FY25, FIIs bought 70,06,711 shares and increased their stake to 5.53 per cent compared to 2.45 per cent in Q4FY24. Investors should keep an eye on this multibagger EV-charging and solar energy stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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