Multibagger In 6 Months: Small Cap Stock Fixes Record Date For 1:5 Stock Split, Dividend

Servotech Power Systems Ltd fixed record date for dividend and stock split. The stock gave a return of 61% in last 1-month only and became a multibagger in just 6-months with return of 266%. Check details pertaining the small cap Electric sector stock below:

Servotech Power Systems Sets Record Date For Interim Dividend

The board of directors of the Electric stock stated in their NSE filing, "Friday, 3rd February, 2023 has been fixed as the Record Date for the following purpose(s): a) Payment of Interim Dividend." The company has announced declaration of Interim Dividend of Re. 0.20/- per equity share for the Financial Year 2022-2023.

2. Servotech Power Systems Fixed Record Date For 1:5 Stock Split

The company has fixed February 3, 2023 as the record date for stock split. The board of directors announced, "Sub-division of 1 (one) equity share of face value Rs. 10/- each into 5 (five) equity shares of face value of Rs. 2/- each."

3. Servotech Power Systems Stock Outlook, Return

Stock Performance: The last trading price of the stock is Rs 221.60 apiece on NSE with intraday gain of 5%. The stock's 52-week high is Rs 221.60 apiece and 52-week low is Rs 57.00 apiece, respectively. The stock hit its new 52-week high on January 27, 2023.

The company has a market capitalisation of Rs 448 crore.

Return: The stock gave return of 21% in last 1-week, 61% in last 1-month, 35% in last 3-months, 266% in last 6 months, and 95% in last 1-year. In last 5-year, the stock rallied 408%.

4. About Servotech Power Systems

Servotech Power Systems Ltd. an NSE listed company is engaged in the end-to-end manufacturing, procurement and distribution of a range of high-end yet advanced solar products, medical devices as well as energy-efficient lighting solutions.

Having forayed into the EV market recently with the launch of high-tech EV charging equipment, the company intends to establish EV charging tech infrastructure pan India expeditiously and bolster the nation's progression towards the electric revolution, according to its official website.

Disclaimer

The stock gives details of record date for the purpose of interim dividend and stock split. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.