Servotech Power Systems Ltd (NSE: SERVOTECH): EV-charging and solar energy stock Servotech Power Systems Ltd is in focus during trading on Thursday.
The company’s shares rose 3.4 percent to an intraday high of Rs 98 per share from the previous close of Rs 94.72 per share.
It has a 52-week high that is Rs 108.70 a 52-week low is 69.50 and an estimated market capitalization is Rs. 2,135 crore.
Stocks Gave Great Returns
The stock gave a multibagger return of over 5564 percent in 3 years. During this period, the stock has reached Rs 98 per share from Rs 1.73.
The stock has climbed 15% in a month and 25% this year YTD. The stock has climbed 3,726.98% in five years.
During this period, its price has increased from Rs 2 to the current price.
Company Plans
Let us tell you that Sarvotech Power Systems Limited is entering the sports sector by establishing a subsidiary Sarvotech Sports and Entertainment Private Limited in EV charging and solar energy.
This new business aims to become a comprehensive sports platform that promotes athlete empowerment.
This is a strategic move for Sarvotech, which marks its diversification and expansion plans.
In addition, Sarvotech aims to leverage the immense popularity of sports to strengthen its brand and connect with a wider audience.
The company previously joined forces with the National Solar Energy Federation of India (NSEFI) to create Delhi’s first grid-connected solar-powered electric vehicle charge carport in Hauz Khas Village.
Company Business
Sarvotech Power Systems, a global brand with a nationwide presence on NSE, has over 20 years of experience in electronics.
They leverage this expertise to design and manufacture state-of-the-art AC and DC charging solutions for electric vehicles.
Their chargers can be used for domestic and commercial applications and are compatible with a variety of EVs.
Backed by a history of innovation and advanced technology development, Servotech is committed to shaping the future of e-mobility in India.
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