FIIs Increase Stake: Multibagger EV-Charger Manufacturer & Solar Solution Provider Stock Surges 4.98 Per Cent To An Intraday High Of Rs 182.50 Per Share
From Rs 25.83 to Rs 176.90 per share, the stock delivered multibagger returns of 585 per cent in 3 years.
On Monday at 09:33 am, shares of Servotech Power Systems Ltd surged 4.98 per cent to an intraday high of Rs 182.50 per share from its previous closing of Rs 173.84 per share. At 12:00 noon, shares of the company were trading at Rs 176.44 per share, up 1.50 per cent. The stock’s 52-week high & all-time high is Rs 205.40 per share. The company has a market cap of Rs 3,943 crore. The stock gave multibagger returns of over 140 per cent from its 52-week low of Rs 73 per share. From Rs 25.83 to Rs 176.90 per share, the stock delivered multibagger returns of 585 per cent in 3 years.
Servotech Power Systems is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. The company offer an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. With comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure. As a trusted brand with a strong pan-India presence, its legacy is marked by proven innovations and the development of advanced technologies.
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In Q2FY25, the company witnessed stellar growth. Total revenue surged by 131 per cent, reaching Rs 20,006.93 lakh from Rs 8,659.09 lakh in Q2FY24. EBITDA increased by 223 per cent, reaching Rs 1,929.33 lakh from Rs 597.03 lakh. Net PAT soared by 260 per cent, reaching Rs 1,124.21 lakh compared to Rs 312.40 lakh in Q2FY24. Additionally, in H1FY25, the company witnessed strong growth. Revenue increased by 88 per cent, reaching Rs 31,250.85 lakh from Rs 16,640.45 lakh in H1FY24. EBITDA increased by 112 per cent, reaching Rs 2,783 lakh from Rs 1,309.93 lakh. Net PAT increased by 117 per cent, reaching Rs 1,573.14 lakh from Rs 723.38 lakh in H1FY24.
Servotech Power Systems Ltd., India’s leading solar solutions manufacturer has secured a 2 MW On-grid solar Photovoltaic Power Plant order from Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA). Servotech will be responsible for designing, supplying, installing testing and commissioning of On-Grid solar power plants. Further, the scope of the project also encompasses Servotech to deliver comprehensive warranty maintenance for the next 5 years, tending to different 11 to 100 kW on-grid solar PV installations done at 67 various strategic locations in the state of Uttar Pradesh contributing to the state’s renewable energy goals.
In October 2024, FIIs increased their stake to 5.95 per cent compared to 5.53 per cent in September 2024. 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.