Multibagger Stock: During the last few years, companies have made investors rich by giving them tremendous returns, Servotech Power Systems Ltd (NSE: SERVOTECH) is also one of them.
The value of shares in the company has risen by 7,288.89% over the last five years.
The Company Also Has Good News
Through a partnership, it will work on a big project in Germany.
We’ll let you know we’re telling you that Servotech Power Systems Ltd works on solar power products including DC chargers, EV chargers, and household AC chargers.
What’s The New Project?
The company has announced in the details provided by the exchange, that they had collaborated in a partnership with LESSzwei GmbH. The company will make 100 % solar-powered EV charging systems in Germany.
The information given by Servotech Power Systems Ltd says that there will be an option to charge e-bikes, e-scooters, and e-cargo bikes through this charging station. Let us tell you, the company has said that four two-wheelers can be charged simultaneously at this station.
The share of Servotech Power Systems Ltd saw a 4 % rise on Monday. This small-cap stock opened with a gain of Rs 183.60. The company’s share reached the level of Rs 189.67 after a 4 percent rise.
This is very close to the company’s record high of Rs 205.40. Let us tell you, the company’s share was at this level on 26 September.
How Was The Last One Year?
The share prices of the company have increased by 138.41% in the past year. At the same time, investors holding the stock for 3 years have made a profit of 3,947% so far.
The company’s 52-week low level is Rs 73 per share. In the same way, the market cap stands at approximately 4157.39 crore rupees. Let us inform you that this company’s share is listed on NSE.
Quick Fact
| Company name | Servotech Power Systems |
|---|---|
| Type | Small-cap |
| Sector | Solar and EV Chargers |
| Key products | Solar power products, DC chargers, EV chargers, AC chargers |
| New project | 100% solar-powered EV charging systems in Germany |
| Partnership | LESSzwei GmbH |
| Charging types | E-bikes, e-scooters, e-cargo bikes |
| Simultaneous charging | Four two-wheelers at a time |
| Stock price (December,9) | ₹186.20 (2.11% up) |
| 5-year return | 7,288.89% |
| 3-year return | 3947% |
| 1-year return | 138.41% |
| Market cap | ₹4157.39 crore |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
