Small Cap NSE-Listed Stock Bags Order From BPCL, Shares Rally 7042% In 3-Yrs

Small cap company from the electric sector, Servotech Power Systems Limited shares gained over 40% in last 3-months. Today, the company via its NSE filing informed about receiving additional order of approximately 400 units of DC Fast EV chargers from BPCL and other OEMs. Current market price of Servotech Power Systems share on NSE is Rs 124.98 per share. Its market capitalisation stood at Rs 2790 crore. Check more details below:

Servotech Power Systems Bags order from BPCL, Other OEMs: According to the NSE filing dated July 25, 2024, "Servotech Power Systems Ltd., a leading manufacturer of EV chargers and solar solutions has received an additional order of approx. 400 units of DC Fast EV Chargers from Bharat Petroleum Corporation Limited (BPCL) and other EV charger OEMs. The project valued at around Rs 20 Crores will involve manufacturing, supplying, installing, and deploying these chargers nationwide, particularly at BPCL petrol pumps as part of the BPCL E-drive Project."
Previously, the company received an order for 1800 DC Fast EV chargers from BPCL and other EV charger OEMs valued at 120 Crs. which they have now increased by 20%.

Sarika Bhatia, Director, Servotech Power Systems Ltd. commented, Servotech feels extremely elated to have worked for BPCL and is committed Servotech feels extremely elated to have worked for BPCL and is committed showcased our manufacturing capabilities with our production team relentlessly working keeping a strong focus on delivering exceptional products in-house."

Servotech Power Systems Shares Performance & Return: The 52-week high price of Servotech Power Systems shares on NSE is Rs 129.81 per share (as on 16 July 2024) and 52-week low price is Rs 69.50 per share (as on Oct 10, 2023), respectively. Servotech Power Systems share gained 45% in last 3-months, soared 39% in last 1-year, and offered return of 7042% in last 3-years.

Servotech Power Systems Stock Split & Dividend History: Servotech Power Systems Ltd split the face value 2 times since Feb. 3, 2023. Servotech Power Systems last split the face value of its shares from Rs 2 to Re 1 in 2023.The share has been quoting on an ex-split basis from July 28, 2023. Servotech Power Systems has declared 2 dividends since November 25, 2021, according to Trendlyne.

About The Company: Servotech Power Systems is an NSE-listed organization that develops tech-enabled EV Charging solutions leveraging their over two decades of experience and expertise in the electronics space. We offer an extensive range of AC and DC chargers which are compatible with different EVs and serve multiple applications such as commercial and domestic. With our comprehensive engineering capabilities, we plan to play a pivotal role in developing India's EV tech infrastructure.

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