📈 Servotech Share Price Soars on Heavy Order Inflow
Friday, 23 February: Servotech Power Systems witnessed a rapid increase in its share price on Friday, hitting the upper circuit. This surge was fueled by a massive order received from PSU HPCL. Over the past year, Servotech Power’s shares have seen significant growth, delivering a return of 400% in the last 12 months. On Monday, 26 February, the stock rose by 4.97% to trade at Rs. 102.
🔌 Order for 1500 DC Fast EV Chargers
Servotech Power Systems announced to the stock exchange that it has secured a large order of 1500 DC Fast EV chargers from HPCL and other EV charger OEMs. The order is valued at Rs. 102 crore and includes two charger variants ★60 kW and 120 kW. As per the order from HPCL, Servotech will manufacture, supply, and install DC EV chargers across the country, including setting up EV chargers at HPCL retail outlets. Servotech will also supply other chargers to EV charger OEMs. Servotech is a leading manufacturer of EV chargers in India.
💰 Impressive Performance and Returns
Investors have seen outstanding returns in Servotech Power Systems’ shares over the past year. The stock has delivered nearly 400% returns in one year, with a growth of over 20% in the last month alone. On Friday, the share touched a high of Rs. 97.80 with a 5% increase. The 52-week high and low for the stock are Rs. 108.70 and Rs. 16.48, respectively. The company’s market capitalization on the NSE is around Rs. 2,080 crore.
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