Servotech Power Systems Ltd (NSE: SERVOTECH): Share of Servotech Power Systems Limited, an organization that manufactures electric vehicle chargers, is the focus of trading on Tuesday.
The company has been given another order. The share of the company rose 1.3 percent to Rs 190.40 immediately after they began trading this morning.
It was also the intraday highest price. The previous Monday morning, the share was trading at Rs 187.82. Solar photovoltaic power plant got a big order of Rs 183 share.
In the afternoon, however, today, a profit booking was evident in this stock, and a drop of as much as 22 percent was reported.
What Is The Detail?
Servotech Power Systems Limited has announced to the stock exchange that the company has been awarded a two-MW solar photovoltaic plant that is on the grid through the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).
Servotech will design, construct, supply, install, and commission the solar power plants on grids in 67 strategically located locations across Uttar Pradesh.
The project is expected to provide Uttar Pradesh with clean, affordable, and reliable solar energy.
In the last month, the company was granted an agreement from Bangalore Electricity Supply Company Limited (BESCOM) to build 11 DC rapid charging stations for electric vehicles.
The Condition Of The Company’s Shares
The share in Sarvotech Power Systems Limited is not in good shape at the moment. The stock has dropped by 3 percent over the past five days, and by 5 percent throughout the month.
In the year, the price has been up by 138 percent. In this time it has risen from Rs 77 to its current price. The company’s share price has risen by 145 percent over one year.
Share of Sarvotech Power Systems Limited has increased by up to 7200 percent within five years. Throughout this time, this stock has risen from Rs 2.52 to its current value.
The 52-week high price is Rs 205.40 as well as its lowest 52-week is just Rs 73. The market capitalization for the firm is Rs 4136.88 crore.
Quick Fact
| Company name | Servotech Power Systems |
|---|---|
| Business | EV chargers & solar projects |
| Recent order | 2 MW solar photovoltaic plant |
| Client | Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) |
| Project scope | Design, construction, supply, installation, commissioning |
| Locations | 67 across Uttar Pradesh |
| Expected benefit | Clean, affordable solar energy for Uttar Pradesh |
| Past month agreement | 11 DC rapid EV charging stations |
| Client | Bangalore Electricity Supply Company Limited (BESCOM) |
| 5-day stock performance | Down 3% |
| Monthly stock performance | Down 5% |
| Annual stock performance | Up 138% |
| 5-year growth | Up 7200% |
| Current market value | ₹4136.88 crore |
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