FIIs bought 70,06,711 shares in Q1FY25: Multibagger EV-charging and solar energy stock at Rs 106.80 jumps 9.5 per cent in just 1 day; Here’s why!
From Rs 1.73 to Rs 106.85 per share, the stock delivered multibagger returns of over 6,000 per cent in 3 years.
Today, shares of Servotech Power Systems Ltd gained 9.50 per cent to an intraday high of Rs 106.80 per share from its previous closing of Rs 97.54 per share. The 52-week high of the stock is Rs 108.70 and the 52-week low of Rs 69.50 with a market cap of Rs 2,363 crore. From Rs 1.73 to Rs 106.85 per share, the stock delivered multibagger returns of over 6,000 per cent in 3 years.
Servotech Power Systems Ltd., a frontrunner in EV charging and solar energy, is venturing into the sports sector with the establishment of a subsidiary, Servotech Sports and Entertainment Pvt Ltd. This new venture aims to be a comprehensive sports platform, promoting athlete empowerment, inclusivity, and an elevated sporting experience for enthusiasts. It signifies a strategic move for Servotech, marking its diversification and expansion plans. The subsidiary intends to nurture various sports at both grassroots and professional levels, aligning with Servotech's vision of continuous growth and innovation. Additionally, Servotech aims to leverage the immense popularity of sports to strengthen its brand and connect with a wider audience. This strategic alignment positions Servotech to not only remain a leader in its core sectors but also emerge as a prominent player in the sports industry.
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.
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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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