EV Charging Penny Stocks: Small cap EV charging and solar energy company Servotech power systems Ltd locked in with a 10% upper circuit on Friday, July 12. During the trading session, it touched an intraday high of Rs 107.29. With this market cap of the company reached Rs 2359.35 crore.
Let us tell you that Servotech power systems Ltd is a multibagger stock. It has delivered more than 6,101% of huge returns in the last 3 years.
What’s the Details
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 107 level. Within less than just 3 years, the EV charging penny stocks turned out as a Multibagger. If you would have invested Rs 1,00,000 three years ago in October 2021, it would have become Rs 62,01,730 at present.
Also Read: Sahaj Solar IPO GMP: Everything You Need to Know
Strategic Plan of Servotech 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 6,101% in Less Than 3 Years
The shares of Servotech Power Systems skyrocketed like a bullet train. In the last one year, it has gained as much as 26.55%. However, It has given multibagger returns more than 6,101% in the last 3 years.
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 135% and revenue growth also increased to 41.77%.
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 2.45% in the fourth Quarter ended on 31 March, 2024. However it has now increased to 5.53% after buying 70,06,711 shares in the first quarter of FY 2025.
Investors must keep an eye on this small cap EV charging and solar energy stock.
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