Multibagger solar solution provider & EV-charger manufacturing company’s stock jumps over 9 per cent from intraday low; FIIs bought 70,06,711 shares in Q1
From Rs 2.50 to Rs 136.55 per share, the stock delivered multibagger returns of 5,362 per cent in 3 years.
Today, shares of Servotech Power Systems Ltd jumped over 9 per cent to Rs 136.55 per share from its intraday low of Rs 125.06 per share. The stock’s 52-week high is Rs 141.82 while its 52-week low is Rs 69.50 with a market cap of over Rs 3,000 crore. From Rs 2.50 to Rs 136.55 per share, the stock delivered multibagger returns of 5,362 per cent in 3 years.
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.
Servotech Power Systems Ltd. has secured a substantial order worth approximately Rs 10.20 crore from the Rural Development Department of Uttar Pradesh and UPNEDA for the deployment of solar energy storage and grid-connected systems. The order encompasses the installation of multiple 75 kW solar-based energy storage systems to provide reliable power supply across Uttar Pradesh. Additionally, Servotech will design, manufacture, and install 20 kW and 40 kW grid-connected solar power systems, contributing to the state's renewable energy goals. This project is crucial for overcoming geographical and infrastructural challenges in the region, expanding access to sustainable energy, and increasing the penetration of renewable energy into the grid.
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Building upon its previous collaboration with UPNEDA on off-grid solar plants, Servotech continues to play a pivotal role in India's renewable energy landscape. The company has secured an additional Rs 20 crore order for 400 DC fast EV chargers from BPCL and other OEMs, bringing its total order from BPCL to 2000 units valued at Rs. 140 crore. Efficient delivery of the initial 1800 units led to this increased order. Furthermore, Servotech, in partnership with INCHARZ and Prateek Group, is expanding India's EV infrastructure by installing AC and DC EV charging stations at Prateek's properties, catering to two-wheelers, three-wheelers, and four-wheelers. These initiatives collectively demonstrate Servotech's commitment to driving sustainable energy solutions and contributing to the country's green energy transition.
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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