Small cap EV charging and solar energy Multibagger Stock Servotech Renewable power systems Ltd (NSE: SERVOTECH) hit a high of Rs 157 on Friday, January 24, however it fell and closed at Rs 148.50, down by 1.70%. During the trading session, it touched an intraday high of Rs 157 With this market cap of the company reached Rs 3,284.88 crore.
Let us tell you that Servotech power systems Ltd is a multibagger stock. It has delivered more than 5,822.62% of huge returns in the last 4 years.
Multibagger Stock Turned Rs 1 Lakh into Rs 58 Lakh
Servotech shares were once trading as a penny stock . In October 2021, Servotech shares were trading at Rs 1.73 which now has crossed Rs 153 level. Within less than 4 years, the EV charging multibagger stock turned out as a gold digger. If you would have invested Rs 1,00,000 4 years ago in October 2021, it would have become Rs 58,22,620 at present.
Servotech Renewable Power Systems Order Book
Talking about the Order Book of Servotech Renewable Power Systems, the company recently received a huge order from UPNEDA for roughly 1,100 Grid-connected Agriculture Pumps under the KUSUM scheme. According to the agreement, Rs 31 crore worth solar pumps will be manufactured and installed across Uttar Pradesh. This initiative will help the state to achieve its renewable energy targets.
Strategic Plan of Servotech Renewable Power Systems
Servotech Power Systems is a leading EV charging and solar energy Company that has steadily shown impressive financial growth. The company has a subsidiary named Servotech Sports and Entertainment Pvt Ltd. With the help of this venture, Servotech Power aims to be a sports platform by promoting sports and athletes. This strategic move will not only strengthen its brand popularity but also connect with a larger audience with the help of a sports platform.
Multibagger Returns of 5,822% in Less Than 4 Years
The shares of Servotech Power Systems skyrocketed like a bullet train. In the last one year, it has gained as much as 79.97%. However, It has given multibagger returns more than 5,822.62% in the last 4 years since its debut in September 2021.
If you look at the financial performance of the company then you can clearly see that profit and revenue growth has been consistently improving. In the last 3 years, the company has shown a good profit growth of 131% and revenue growth also increased to 52.03%.
About the Company
Servotech Power Systems is a leading EV charging solutions provider with over 20 years experience in the field. The company produces high quality AC and DC Electric vehicle charging solutions.
The company also partnered with National Solar Energy Federation (NSEFI) to make the first grid-connected solar powered EV charging carport. This project was designed by Servotech Power Systems, shows their expertise in the field.
FIIs Increased Stake
According to the data available on NSE, FIIs holding was only 5.53% in the second Quarter ended on 30 September, 2024. However it has now increased to 5.95%.
Investors must keep an eye on this small cap EV charging and solar energy multibagger stock.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided in Trademint.in is for educational purposes only and we do not recommend buying or selling any stocks. This information provided is only for reference purpose so we are not responsible in case investors incur any loss based on the information. We provide timely updates about the stock market and financial products to help you make better investment choices. Always conduct your own research before making any investment decision or consult a financial advisor.
