Back-to-back upper circuits & 52-week highs in this multibagger EV-charging and solar energy stock; FIIs bought 70,06,711 shares in Q1FY25
From Rs 1.75 to Rs 129.81. per share, the stock delivered multibagger returns of over 7,300 per cent in 3 years.
Today, shares of Servotech Power Systems Ltd were locked in a 10 per cent upper circuit to an intraday high of Rs 129.81 per share from its previous closing of Rs 118.10 per share. The stock also made a 52-week high of Rs 129.81 while its 52-week low of Rs 69.50 with a market cap of Rs 2,850 crore. From Rs 1.75 to Rs 129.81. per share, the stock delivered multibagger returns of over 7,300 per cent in 3 years.
Servotech Power Systems Ltd, a leader in EV charging and solar energy, is expanding its horizons by launching Servotech Sports and Entertainment Pvt Ltd, a new subsidiary dedicated to cultivating a vibrant sports ecosystem. This strategic move aims to foster athlete development, create an inclusive sporting environment and enhance fan experiences while aligning with Servotech's commitment to growth and innovation. By nurturing sports at all levels and capitalizing on the immense popularity of sports, Servotech seeks to not only expand its brand reach but also establish itself as a dominant force in the sports industry, complementing its leadership in the EV charging and solar energy sectors.
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Earlier, the company partnered with India's National Solar Energy Federation (NSEFI) to launch Delhi's first grid-connected solar-powered EV charging carport at Hauz Khas Village. This pilot project, designed and built by Servotech, represents a major step forward in sustainable transportation and EV infrastructure.
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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