Stock market news: Servotech Power System shares reach new 52-week high | View the details here
In the past five days, shares of Servotech Power System have returned 27 percent to the investors, while in the past month it has returned 38 percent.
Share market news: BSE Sensex was at the level of 72,205 points, up 121 points, while Nifty was at the level of 21,922 points, up 68 points at around 11:45 am on Monday. In the bullish market, shares of Servotech Power System rose 4.56 percent to touch the Rs 104.80 level.
Servotech Power Systems Limited is a leading EV charging company in India, which has recently collaborated with many leading companies to set up EV charging systems across the country.
The counter today reached a 52-week high. Shares of Servotech Power System, which has a market capitalization of around Rs 2,270 crore, have given investors a return of 600 per cent so far, compared to its 52-week low of Rs 16.48.
In the last five days, shares of Servotech Power System have returned 27 percent to the investors, while in the last month it has returned 38 percent. Shares of Servotech Power System were trading at Rs 20 level on February 15 last year, from which investors have made a record return of over 400 percent.
From the low of Rs 18 on March 31, 2023, Servotech Power shares have given investors a bumper return of 500 percent. It is to be noted that Union Finance Minister Nirmala Sitharaman in the Budget presented on February 1 said that electric vehicle charging infrastructure should be promoted across the country, following which Servotech Power Systems, which is related to this company, reported an increase has registered.
In the last week of January, Servotech Power Systems Limited informed the stock market that it had received an order worth Rs 120 crore from Bharat Petroleum Corporation Limited. Under this contract, Servotech Power will supply and install 1800 DC fast EV chargers for Bharat Petroleum Corporation Limited. Servotech Power Systems is to install this charger at Bharat Petroleum petrol pumps in major cities of the country.