2:1 Stock Split Done: NSE Stock To Build EV Charging Stations, Shares Up 326% In 1-Yr

Small cap company from the electric sector, Servotech Power Systems Limited shares gained 2.07% in trade today on NSE. Last trading price of Servotech Power Systems share on NSE is Rs 83.80 apiece. Servotech Power Systems shares offered multibagger returns in last 1 year with rally of 327%. In last 6-months, Servotech Power Systems stock gained 3%. Check details below:

Servotech Power Systems To Build 20 EV Charging Stations: The company issued an NSE filing today stating, "With reference to the captioned subject, we are enclosing herewith a Press Release with respect to "Company Secured a substantial contract from Nashik Municipal Corporation to build 20 EV Charging Stations."

The contract involves Servotech supplying, commissioning, and constructing 20 electric vehicle (EV) charging stations throughout the Nashik Municipal Corporation area. The objective of this contract is to meet the increasing need for convenient and accessible charging facilities for electric vehicles, thus facilitating the state's shift towards sustainable transportation solutions. As the demand for EV mobility grows, there is a corresponding need for enhanced EV charging infrastructure and these charging stations will enable EV owners to recharge their vehicles conveniently while on the move."

Servotech Power Systems Shares Performance & Return: The 52-week high price of Servotech Power Systems shares on NSE is Rs 108.70 per share and 52-week low price is Rs 16.48 per share, respectively. The company has a market capitalisation of Rs 1,776.73 crore. Servotech Power Systems stock declined 13% in last 1-month, gained 4005% in last 3-years, and rallied 3888% in last 5-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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