Multibagger stock Servotech Power Systems Ltd is set to trade ex-split on July 28; scrip up 1,400 per cent in just 1 year!
The stock delivered exceptional returns, with a 300 per cent increase in just 6 months, a 1,400 per cent increase in 1 year, and a staggering 4,100 per cent increase in 3 years.
Servotech Power Systems Ltd. a Delhi-based leading green energy solutions provider, 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 the stock split as Friday, July 28, 2023.
Additionally, the company also announced its Quarterly Results wherein revenue from operations grew by 148.34 per cent to Rs 79.57 crore, EBITDA skyrocketed by 415.47 per cent to Rs 7.13 crore and PAT skyrocketed by 1,056.34 per cent to Rs 4.10 crore in Q1FY24 compared to Q1FY23.
According to the annual results, 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.
Servotech Power Systems is a Small-Cap company with a market cap of over Rs 1,900 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.
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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.
On Wednesday, shares of Servotech Power Systems plunged 1.78 per cent to Rs 177 per share with an intraday high of Rs 178.90 and an intraday low of Rs 171.20.
The stock delivered exceptional returns, with a 300 per cent increase in just 6 months, a 1,400 per cent increase in 1 year, and a staggering 4,100 per cent increase in 3 years. Investors should keep an eye on this multibagger small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.