FIIs bought 9,45,080 shares: EV-Charger Manufacturer & Solar Solution Provider Stock Jumps 8.6 Per Cent From Intraday Low With Heavy Volume
The stock gave multibagger returns of 141.8 per cent from its 52-week low of Rs 72.75 per share.
Today, shares of Servotech Power Systems Ltd surged 8.60 per cent to Rs 175.92 per share from its intraday low of Rs 162 per share. The stock’s 52-week high & all-time high is Rs 205.40 per share. The company has a market cap of Rs 4,152 crore. From Rs 1.91 to Rs 175.92 per share, the stock delivered multibagger returns of 9,110 per cent in 3 years.
In Q2FY25, FIIs bought 9,45,080 shares and increased their stake to 5.95 per cent compared to 5.53 per cent in Q1FY25.
Recently, Servotech Power Systems Ltd., India's largest EV charger manufacturer, and UK-based Ensmart Power, a pioneer in Critical Power, Solar and Energy Storage Systems, have signed a sole distribution agreement to expand their EV charger distribution network across the UK and beyond, including North America. This agreement will capitalize on the rapid growth of electric vehicle adoption in these regions. By combining Servotech's innovative EV charging solutions with Ensmart Power's expertise in energy storage and distribution, the partnership aims to provide a reliable and accessible charging infrastructure for consumers. The collaboration will drive the development of green mobility alternatives, contributing to a carbon-neutral transportation ecosystem and setting new standards in efficiency, reliability and environmental responsibility.
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About the Company
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.
The stock gave multibagger returns of 141.8 per cent from its 52-week low of Rs 72.75 per share. 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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