Promoters bought 5,00,000 shares and FIIs bought 80,00,000 shares of this multibagger EV-penny stock; stock trades at high ROE & high ROCE!
The stock delivered multibagger returns of over 3,700 per cent in 3 years.
The Indian stock market was in red with the NSE Nifty-50 Index down 0.40 per cent at a level of 21,625. On NSE, a total of 2,555 stocks were traded out of which 1,007 had advances, 1,444 had declines and the rest 104 were unchanged.
Though the market was in red, this multibagger EV stock was in green, gaining 3.81 per cent to an intraday high of Rs 78.95 per share from its previous closing of Rs 76.05. The stock is down by 21 per cent from its 52-week high of Rs 100 per share while it gave multibagger returns of over 400 per cent from its 52-week low of Rs 15.70 per share.
The stock name is SERVOTECH POWER SYSTEMS LTD.
Servotech Power Systems, incorporated in 1998, is engaged in manufacturing LED lighting solutions, UPS (uninterruptible power supply) systems, inverters, and batteries. The company has a market cap of over Rs 1,650 crore. The shares of the company have an ROE of 17 and an ROCE of 18 per cent.
Recently, the promoter (Raman Bhatia), Foreign institutional investors (FIIs) (Eminence Global fund PCC- EUBILIA Capital Partners Fund, AG Dynamic Funds Limited, Minerva Ventures Fund, Forbes EMF and Coeus Global Opportunities Fund) and non-promoters (Rakhee Mahesh Vaze, Nikhil Batra and Aparna Jain) bought 89,00,000 shares via preferential issue of shares.
Raman Bhatia was allotted 5,00,000 warrants, FIIs were allocated 80,00,000 warrants and the rest 4,00,000 warrants were allocated to non-promoters.
Servotech Powers up EV Charging (Recent updates):
1. Patent Breakthrough: Servotech's revolutionary patents allow fast charging of GB/T vehicles using widely available CCS2 chargers via a small adapter. This slashes infrastructure costs, boosts compatibility, and benefits fleets, manufacturers, and EV owners across regions.
2. Innovation Beyond Chargers: Servotech is committed to sustainable energy. Earlier patents optimized grid services and maximized renewable energy integration. These cutting-edge technologies have broad applications in solar and EV charging.
3. BPCL Partnership Fuels Expansion: Servotech's manufacturing prowess landed a massive order of 2,649 AC EV chargers for BPCL's national network. This deployment across major cities will significantly accelerate India's EV charging infrastructure.
The stock delivered multibagger returns of over 3,700 per cent in 3 years. Investors should keep an eye on this multibagger micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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